New FHA DAS of Single Family Housing Provides HECM Program Update

Federal Housing Administration (FHA) Deputy Assistant Secretary (DAS) for Single Family Housing Julienne Y. Joseph provided an update on the performance of the Home Equity Conversion Mortgage (HECM) program, and offered additional thoughts about its importance to American seniors.

Forbes: Seniors Must Keep Reverse Mortgage ‘Realities’ in Mind

A column at Forbes Advisor details that while a reverse mortgage may work for some seniors, there are certain “realities” about the category to consider before deciding on getting such a loan. RMD offers this story so reverse mortgage professionals can remain aware of conversations about the product category.