Seniors Reverse Mortgage News Ken Metcalf provides updates on the FHA Modernization Bill and other reverse mortgage articles of interest http://www.kenmetcalf.com/index.html HUD HECM Refinance Guidelines Review these guidelines from HUD on refinancing your current HECM reverse mortgage. Contact us for further information by visiting http://www.kenmetcalf.com! http://www.kenmetcalf.com/HECM_Refinance_Guidelines.pdf November 6 2008 10:56 PDT en-us karen@rmstore.net OFFICIAL! HECM limit $417,000 HUD has now issued the long-awaited Mortgagee Letter making the HIGHER HECM reverse mortgage loan limits official. Furtherinformation available on the HUD website. http://www.hud.gov/offices/adm/hudclips/letters/mortgagee November 6 2008 10:56 PDT en-us karen@rmstore.net HUD HECM for Purchase Guidelines On October 27 2008, the Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2008-33: Home Equity Conversion Mortgage Home Purchase Program. This document, downloadable from http://www.kenmetcalf.com, outlines the key points of the program. http://www.kenmetcalf.com/hecm_for_home_purchase.html November 4 2008 16:20 PDT en-us karen@rmstore.net NEW HECM Limit $417,000! At the Mortgage Bankers Conference in Miami, Brian Montgomery announced that the new HECM loan limit is $417,000. A mortgagee letter will be issued soon and will become effective November 1st. More information to follow! http://www.kenmetcalf.com October 10 2008 22:53 PDT en-us karen@rmstore.net HECM for purchase - buy a home with a reverse mortgage! Seniors homeownders will soon be able to purchase a home with a HECM reverse mortgage.Learn more about the program, find out if you qualify!! http://www.kenmetcalf.com/hecm_for_home_purchase.html Sep, 25 2008 21:37 PDT en-us karen@rmstore.net Housing act signed by President..those considering reverse mortgages to benefit greatly. Read how the Housing Act will benefit those looking into reverse mortgages... http://www.usatoday.com/money/perfi/columnist/block/2008-07-28-housing-bill-tax-breaks_N.htm Jul, 30 2008 11:37 PDT en-us karen@rmstore.net Senate passes landmark housing bill! The Senate passes the controversiall landmark housing bill. President bush is expected to sign... http://money.cnn.com/2008/07/26/news/economy/housing_bill_Senate/index.htm?postversion=2008072614 Jul, 28 2008 12:48 PDT en-us karen@rmstore.net