SEC. 1204. FHA REVERSE MORTGAGE LOAN LIMITS FOR 2009.
For mortgages for which the mortgagee issues credit approval for the borrower during calendar year 2009, the second sentence of section 255(g) of the National Housing Act (12 U.S.C. 1715z-20(g)) shall be considered to require that in no case may the benefits of insurance under such section 255 exceed 150 percent of the maximum dollar amount in effect under the sixth sentence of section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)).
Commentary: Why the reverse mortgage industry needs to stop marketing to
‘seniors’
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In a new commentary, Zeb Lowe explores why reverse mortgage professionals
overuse the "senior" label, and explains why it should be retired.
The post Com...
6 months ago
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