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Reminder: New Non-Borrowing Spouse Policy—What You Need to Know

ReverseFocusAre you trying to navigate the new non-borrowing spouse landscape? HUD’s Non-Borrowing Spouse (NBS) policy, which goes into effect August 4th, is a watershed event for the HECM program.

Reverse Focus is hosting a FREE webinar on Wednesday, August 6 to help reverse mortgage professionals understand and adapt to the changes. Register now! Space is limited.

Topics of discussion

  • Title & Vesting: How must the title read prior to closing? 
  • Rights and responsibilities of surviving non-borrowing spouse to remain in home 
  • Financial Impact: Financial considerations for NBS and expected changes 
  • Borrower’s Certification form 
  • Non-Borrowing Spouse Certification form 
  • Loan assumption or refinance? 
  • Future & ongoing certifications 
  • What happens at the death of the borrower?

Title: New Non-Borrowing Spouse Policy: What you need to know
Date: Wednesday, August 6, 2014
Time: 11:00 AM – 12:00 PM PDT (2:00 – 3:00 PM EDT)

Space is limited and is expected to fill up. Register for this webinar today. 

Editor’s Note: This webinar is sponsored by Reverse Focus