The second episode of The RMD Podcast features a very special guest!
With a reverse mortgage market in a state of evolution, it’s natural to look toward the Federal Housing Administration (FHA) to see if more changes could be made to the Home Equity Conversion Mortgage (HECM) program that could impact the lives of lenders and borrowers everywhere.
FHA Commissioner and Acting Deputy Secretary of the Department of Housing and Urban Development (HUD) Brian D. Montgomery sat down with Reverse Mortgage Daily Editor Chris Clow at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in New York to discuss a wide variety of topics related to the HECM program, and the larger reverse mortgage industry.
Listen to this episode of The RMD Podcast to learn:
- The Commissioner’s perspective on the health of the HECM program in 2019, and how FHA will accomplish its review as ordered by the president
- The performance of the second appraisal rule, and how it is impacting the program
- The Commissioner’s perspective on how the greater prevalence of proprietary products is serving the industry and its borrowers
- HECM program stability, and the possibility of future program changes being made by FHA
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