FHA finalizes updates to reverse mortgage debenture interest rates
Housing Wire
SEPTEMBER 4, 2024
19, 2017, which went into effect later that year. 19, 2017,” FHA said in its announcement. The rule also reaffirms the interest rate used for the payment of debenture interest for HECM claims to align with the January 2017 rule. HERMIT was launched by HUD in October 2012 after a protracted development cycle.
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