COLLATERAL RISK ASSESSMENT

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Government shutdown halts reverse mortgage endorsements

Jan 04, 2019By

With the government shutdown approaching the two-week mark, reverse mortgage endorsements have ground to a halt. The FHA released a notice stating it will not be making insurance endorsements for HECM loans during the shutdown, and lenders with issues regarding the second-appraisal protocol will be out of luck.

3d rendering of a row of luxury townhouses along a street

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