NRMLA: Federal Assistance Necessary for Puerto Rico Reverse Mortgage Borrowers

$5 million in federal Community Development Block Grant (CDBG) funds should be released to help Home Equity Conversion Mortgage (HECM) borrowers in Puerto Rico who are delinquent on paying their property taxes and insurance. This is according to a letter submitted to Puerto Rico Housing Secretary Luis C. Fern√°ndez-Trinchet, Esq. by the National Reverse Mortgage […]