Risky Form of Reverse Mortgage Nipped in the Bud by HUD

National Mortgage News reports that the Federal Housing Administration clamped down further on reverse mortgages, saying it will no longer insure a variant of the product featuring a fixed rate and a line of credit.

via Risky Form of Reverse Mortgage Nipped in the Bud by HUD|National Mortgage News.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.