It’s been four years since the Federal Housing Administration instituted a policy requiring all prospective reverse mortgage borrowers undergo a financial assessment to determine their suitability for the loan, and so far, it appears to be working. According to the latest analysis from New View Advisors, Financial Assessment has slashed tax and insurance default by more than three-quarters and serious defaults by more than two-thirds.
https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2020/12/SiteLogo-2019-9-24-7-47-34.png HousingWire2019-06-28 21:55:002019-06-28 21:55:00FHA's reverse mortgage changes have slashed the default rate
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148