Facing what they describe as a broad request for information (RFI) on potential changes to federal reverse mortgage programs, industry experts are focusing on two pressing issues: mortgage insurance and liquidity constraints.

In October, the U.S. Department of Housing and Urban Development (HUD), along with the Federal Housing Administration (FHA) and Ginnie Mae, issued an RFI seeking public comments on possible improvements to the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs.

Industry participants view the RFI as a rare opportunity to rewrite the details ⇒

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