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Urban Institute

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Urban Institute Researchers on Improving HECM Program Through Servicing Changes

May 31, 2019By

Because of the high costs to the Federal Housing Administration (FHA) associated with the Home Equity Conversion Mortgage (HECM) program within the Mutual Mortgage Insurance (MMI) fund, FHA should focus on reducing costs by addressing losses on assigned loans as opposed to narrowing the program’s eligibility requirements. This is according to blog post released by […]