Nearly two months after three federal housing agencies wrapped up an extended public comment period about the future of two federal reverse mortgage programs, industry stakeholders are waiting to learn what they’ll do next.
In October, the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA) and Ginnie Mae announced a request for information that sought public feedback on the status of the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs. After initially setting a Dec. 1 deadline for comments, the agencies extended that date to Jan. 5.
The request prompted dozens of details ⇒
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