AARP Lawsuit Prompts HUD to Rescind Reverse Mortgage Nonrecourse Guidance

In a Mortgagee Letter issued by the HUD earlier this month, the agency that regulates reverse mortgages for millions of Americans rescinded its guidance on the nonrecourse protection the loan offers to borrowers.

Source: http://www.articlesbase.com/mortgage-articles/aarp-lawsuit-prompts-hud-to-rescind-reverse-mortgage-nonrecourse-guidance-4771224.html

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