The Traderszone Network

Published in TZ Latest News 30 August, 2017 by The TZ Newswire Staff

HUD announces changes on reverse mortgage program

From TRD South Florida: The Department of Housing and Urban Development announced Tuesday that it plans to make changes, including raising premiums, to the reverse-mortgage program for senior citizens. The Trump administration believes the program, which allows lenders to take out a mortgage against the value of their home, needs better financial footing, according to The Wall Street Journal. HUD plans to raise the upfront payment of the loan program from 0.5 percent to 2.0 […]

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