How will FHA’s new HECM appraisal rules affect reverse mortgage lending?

How will FHA’s new HECM appraisal rules affect reverse mortgage lending?
The latest change to the reverse mortgage program was just announced, and it requires a second appraisal on select HECM loans. Now, the industry is abuzz with speculation as to just how impactful the new requirement will be. Will turn-times slow down? Will the loan be more expensive for most borrowers? We talked to appraisal management companies to find out.
Source: https://www.housingwire.com/rss