House votes to limit reverse mortgage initial draw WASHINGTON (AP) — The Federal Housing Administration could limit the size of initial lump-sum payments that lenders offer reverse mortgage borrowers and require escrow accounts to cover taxes and insurance, under legislation the House passed Wednesday.
June 12, 2013 - Associated Press via Yahoo! News
House gives FHA flexibility on reverse mortgages WASHINGTON (AP) — The House has approved a bill giving the Federal Housing Administration the power to make quick fixes to its financially-troubled reverse mortgage program.
June 12, 2013 - Associated Press via Yahoo! News