Federal Housing Administration

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‘High Marks’ for FHA Financial Assessment Due to Reduced Tax & Insurance Defaults 

Apr 21, 2020By

The requirement of a financial assessment (FA) of a reverse mortgage borrower’s ability to pay, now in its sixth year, is working by cutting tax and insurance (T&I) defaults by over 75%, and serious defaults by over two-thirds. This is according to data analysis conducted and released this week by New View Advisors. “These results […]

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