Federal Housing Administration

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FHA: Reverse Mortgage Servicing Contract ‘In-Process,’ Agency Eyes Smooth LIBOR Transition 

Nov 22, 2020By

The Federal Housing Administration (FHA) is continuing to seek a new servicing contract for Home Equity Conversion Mortgages (HECMs) sponsored by the federal government, but the agency remains dedicated to providing as much additional relief as possible to reverse mortgage borrowers that have been impacted by the COVID-19 coronavirus pandemic. This is according to Kasey […]

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