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2. Feds announce changes to reverse mortgage program - AOL

   www.aol.com/feds-announce-changes-reverse...

   Nov. 3—WASHINGTON, D.C. — The Federal Housing Administration released new proposed policy updates to its Home Equity Conversion Program, according to a statement issued Wednesday by the ...

3. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   To qualify for a reverse mortgage, your home must be a property type that meets all FHA property standards and flood requirements, including: Single-family home 2- to 4-unit home with one unit ...

4. How to stop foreclosure - AOL

   www.aol.com/finance/stop-foreclosure-220538027.html

   An expert from a housing counseling agency can guide you as you try to work with your mortgage company to avoid foreclosure. ... 569-4287. If you have an Apple device, you can download HUD’s ...

5. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...

6. Real Estate Settlement Procedures Act - Wikipedia

   en.wikipedia.org/wiki/Real_Estate_Settlement...

   For closed-end reverse mortgages, a lender or broker is required to provide the consumer with the standard Good Faith Estimate (GFE) form. A Good Faith Estimate of settlement costs is a three-page document that shows estimates for the costs that the borrower will likely incur at settlement and related loan information.

7. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.

8. How do you pay back a reverse mortgage? - AOL

   www.aol.com/finance/pay-back-reverse-mortgage...

   The Federal Housing Administration (FHA), the agency that backs home equity conversion mortgages (HECMs), the most common type of reverse mortgage, considers the loan terms satisfied if the ...

9. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   Reverse mortgages come with age, residency, equity and debt guidelines the borrower must meet to get approved. If you don’t qualify for a reverse mortgage, a home equity loan, cash-out refinance ...