WASHINGTON, Oct. 2 -- Department Of Housing And Urban Development has issued a notice called: Future of the HECM and HMBS Programs and Opportunities for Innovation in Accessing Home Equity.
The notice was published in the Federal Register on Oct. 2 by Frank Cassidy, Principal Deputy Assistant Secretary for Housing.
Summary: The Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) and the Government National Mortgage Association (Ginnie Mae), are seeking public comments regarding the market for senior homeowners to access equity in their homes and possible improvements to the Home Equity Conversion Mortgage (HECM) and HECM mortgage-backed securities (HMBS) programs. Over its lifetime, HUD's re...