Home Equity Conversion Mortgages program

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FHA to require second appraisal on select reverse mortgages

Sep 28, 2018By

The Federal Housing Administration announced Friday that it will require reverse mortgage lenders to provide a second property appraisal on loans flagged by FHA as potentially having an inflated property valuation. The agency said the move is intended to reduce risk to the Mutual Mortgage Insurance Fund, which will ultimately ensure the long-term sustainability of the program.

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

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