Archive for September, 2009
HUD Reduces HECM Principal Limit 10%!
Ah, how quickly HUD changes the lives of seniors! As of October 1, 2009, many of those senior homeowners who either owed a large mortgage balance or just wanted a certain amount of money won’t be able to do a Reverse Mortgage or won’t get the money they needed. Beginning October 1st there will be [...]
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