Comments on: HUD Scores Big With HECM Program http://www.bestreversemortgage.com/hud-scores-big-with-hecm-program/ The Unofficial Guide to Reverse Mortgages Mon, 06 Feb 2012 06:43:48 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Is Modernization A Done Deal? | Reverse Mortgage Guide http://www.bestreversemortgage.com/hud-scores-big-with-hecm-program/comment-page-1/#comment-3469 Is Modernization A Done Deal? | Reverse Mortgage Guide Mon, 24 Mar 2008 02:34:37 +0000 http://www.bestreversemortgage.com/reverse-mortgage/hud-scores-big-with-hecm-program/#comment-3469 [...] J. R. Stevens writes and says that “I have applied and have approval for an HECM, but am most anxious for Congress to raise the loan lending limits for Reverse Mortgages. A possible national limit of $417,000 would enable me to obtain more from a RM. [...] [...] J. R. Stevens writes and says that “I have applied and have approval for an HECM, but am most anxious for Congress to raise the loan lending limits for Reverse Mortgages. A possible national limit of $417,000 would enable me to obtain more from a RM. [...]

]]> By: J. R. STEVENS http://www.bestreversemortgage.com/hud-scores-big-with-hecm-program/comment-page-1/#comment-3393 J. R. STEVENS Wed, 19 Mar 2008 23:49:56 +0000 http://www.bestreversemortgage.com/reverse-mortgage/hud-scores-big-with-hecm-program/#comment-3393 I have applied and have approval for an HECM, but am most anxious for Congress to raise the loan lending limits for Reverse Mortgages. A possible national limit of $417,000 would enable me to obtain more from a RM. Bill S2338, FHA Modernization Act of 2007 has been sitting (in conference?) since December 2007. Does anyone know if there is any possibility of this Bill becoming law any time soon? Is Congress working on it diligently or has it been brushed aside? ANY info most welcome! I have applied and have approval for an HECM, but am most anxious for Congress to raise the loan lending limits for Reverse Mortgages. A possible national limit of $417,000 would enable me to obtain more from a RM.
Bill S2338, FHA Modernization Act of 2007 has been sitting (in conference?) since December 2007.
Does anyone know if there is any possibility of this Bill becoming law any time soon? Is Congress working on it diligently or has it been brushed aside?
ANY info most welcome!

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