ARCHIVED BLOG POSTS
Special Update:New guidelines were issued today for the monetizing of the $8,000 first-time homebuyer tax credit that was announced by HUD and then delayed by HUD. The primary change is that the money cannot be applied toward the 3.5% down payment. It can be used for a larger down payment or appl...
By Karen Epper Hoffman, NRMLA The recent increase of the national loan limit for Home Equity Conversion Mortgages (HECMs) is barely a month old and already lenders see it as a game-changer. The federally insured HECM limit climbed to $625,500 from $417,000 on Feb. 17, when President Obama signed...