HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
FHANewsReverse Mortgage

New Reverse Mortgage Loan Limits Announced

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: ,,,,,

Latest Articles

HW+ Member Spotlight: Tom O’Donoghue HW+

This week’s HW+ member spotlight features Tom O’Donoghue, owner at Reverse Loans Now. O’Donoghue has been in mortgage banking for more than 30 years and has been helping and committed to working with Senior Citizens for the last seven years. HW Media: What is your current favorite HW+ article and why? Tom O’Donoghue: How inflation could be a net benefit […]

Aug 12, 2022 By