Urban Institute to FHA: Fix your reverse mortgage servicing problems

Urban Institute to FHA: Fix your reverse mortgage servicing problems
Policymakers have long struggled with how to fix the FHA’s reverse mortgage program to prevent it from draining the agency’s mortgage insurance fund. But researchers are the Urban Institute have an idea: Fix the program’s servicing problems, which they call “one of the biggest drivers of losses in the HECM program.” Here’s what they suggest.
Source: https://www.housingwire.com/rss