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FHA to cover payments when a lender is in default say ML


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FHA to cover payments when a lender is in default say Mortgagee Letter

[Reverse Mortgage Daily ] FHA’s latest HECM-related mortgagee letter explains what happens when a reverse mortgage lender defaults on their obligation to make timely payments to the borrower.

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As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
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