For Colorado borrowers who did not obtain a FHA case number on their home loan prior to June 3rd, the unfortunate truth is that refinancing or borrowing on a new home loan via the FHA will now cost ...
Echoing a similar precedent set by Ginnie Mae, the Department of Housing and Urban Development (HUD) said Wednesday via mortgagee letter that it will not insure Home Equity Conversion Mortgages (HECMs ...
Today HUD published Mortgagee Letter 08-33 which establishes the HECM for purchase program. FHA insured HECMs can now be used to purchase a principle residence (1- to 4-family dwelling unit) with the ...
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