Tighter Reverse Mortgage Rules

On October 1, 2013, HUD will be tightening up guidelines on reverse mortgages to help sustain the program for the future for both FHA and consumers.  The goal is to further protect consumers by helping them manage their funds better, and to help FHA get out of an operational deficit with the reverse mortgage program.  Read the entire article: http://www.nytimes.com/2013/09/07/your-money/tighter-rules-will-make-it-harder-to-get-a-reverse-mortgage.html?_r=1&pagewanted=all&