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Reverse Mortgage Interest Rate Caps Spell Trouble for Secondary Market HW+

May 24, 2016By

The Federal Housing Administration last week proposed several new rules for the Home Equity Conversion Mortgage (HECM) program, including interest rate caps on adjustable-rate reverse mortgages. But while FHA asserts these new changes will benefit HECM borrowers, industry members say this proposal could adversely impact the secondary market. FHA’s set of proposed rules largely aim […]