This morning at the Mortgage Bankers Conference in Miami, Brian Montgomery announced that the new HECM loan limit is $417,000. A mortgagee letter will be issued soon and will become effective November 1st. More to come as I get it….
Thanks to Ralph, Thomas, Aman, and Dave for the info.
Click here for the update
Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Mortgage