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Loan Modification

: Mortgage Lender Implode-o-Meter

HECM Saver: The Impact of FHA?s New Reverse Mortgage Program

By Implode-Explode Heavy Industries

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"Those behind the development of the HECM Saver hope it will reach consumers with low or no mortgage balance, who traditionally turn to a HELOC for smaller financing needs. This has always been a consumer the industry has wanted to reach, but the upfront costs of the traditional HECM made it incredibly difficult."

Full post as published by Mortgage Lender Implode-o-Meter on September 13, 2010 (boomark / email).

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