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Loan Modification

: Mortgage Lender Implode-o-Meter

Appropriation for reverse mortgage program unlikely says HUD official

By Implode-Explode Heavy Industries

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"A request for $250 million to support the Home Equity Conversion Mortgage (HECM) program will not likely be approved for the federal government?s fiscal 2011 budget, according to Vicki Bott, HUD?s deputy assistant secretary for single family housing."

Full post as published by Mortgage Lender Implode-o-Meter on May 18, 2010 (boomark / email).

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