HUD Wants to Know What You Think...
By Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas
(PS Mortgage Lending 305-791-4874 or 888-845-6630)
HUD Wants to Know What You Think...About the Financial Assessment Change For the first time, since announcing the changes to the Reverse Mortgage Program, which were implemented on September 30, HUD is asking for feedback. Specifically, about the financial assessment changes coming on January 13 of next year. The 30-comment period, which is set to end on October 15, after beginning on September 12, asks all those who are interested on submit their comments electronically, or by mail, to its Regulations Division, Office of General Counsel. However, it encourages all interested parties submit their feedback electronically. Carol Galante, HUD's assistant secretary for housing, and commissioner of the FHA, stated in an article in Reverse Mortgage Daily: “Electronic submission of comments a...
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