Articles tagged: New Congress 

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The ‘New Congress’ Fiddles Away Valuable Time… As The 275,000 Insurable Limit For Home Equity Conversion Mortgages (Reverse Mortgages) Is Fast Approac written by Dale Rogers
While the ‘New Congress’ fiddles away valuable time Thursday the 15th of February 2007 the limit will stop future originations of Reverse Mortgages under the federally insured Home Equity Conversion Mortgage. This has been a very successful program. It has been refined over many years to what it is to day. Previous private sector programs in many cases were ripping seniors off with high fees. While Congress may put a temporary lift on the 275,000 units per year of Reverse Mortgage cases that will be a Band-Aid at best

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