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« No Word From HUD Regarding New Reverse Mortgage Loan Limits
Senior Lending Network Joins With Legislator To Promote National Aging In Place »

New Reverse Mortgage Loan Limits Announced

October 2nd, 2008  |  by John Yedinak Published in FHA, News, Reverse Mortgage

This morning at the Mortgage Bankers Conference in Miami, Brian Montgomery announced that the new HECM loan limit is $417,000.  A mortgagee letter will be issued soon and will become effective November 1st.  More to come as I get it….

Thanks to Ralph, Thomas, Aman, and Dave for the info.

Click here for the update

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Mortgage


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