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Money Management International

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New FHA citizenship, residency requirements apply to reverse mortgages

March 26, 2025 by bp56691
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Categories FHA, HECM, HWmember, Money Management International, NRMLA, Regulatory, Reverse

HUD cancels HECM-related tech contract under direction of DOGE

March 24, 2025 by bp56691
A technology tool designed for use by reverse mortgage counselors is no longer available after its contract was canceled.
Categories Cambridge Credit Counseling Corp, Counseling, DOGE, HECM, HUD, HWmember, Ibis Software Corporation, Money Management International, Reverse, Technology

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