Reverse Mortgage Daily – Obscure Regulation Halts Reverse Mortgages…

If you have clients in communities with mandatory fees at change of property title, you probably have guessed this has to do with the FHA Free Assumability clause.

I was pleased to speak with Alex Spanko for his article Obscure Regulation Halts Reverse Mortgages, FHA Lending in Some Towns. Mr. Spanko was able to speak with the Sun City Rec Center representative as well.

@rmdaily