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Federal Housing Administration Finalizes Policies to Expedite Claims Processing for Home Equity Conversion Mortgages
Today, the Federal Housing Administration (FHA) is announcing new policies that will allow for faster payment of funds to mortgagees when they assign a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, to HUD. The changes permit people with FHA mortgages to submit a request for Preliminary Title Approval earlier in the process and with fewer documents.>> Read All of ?Federal Housing Administration Finalizes Policies to Expedite Claims Processing for Home Equity Conversion Mortgages
