Reverse Mortgage Financial Assessment April 27, 2015

We recently reported that the long-awaited reverse mortgage financial assessment would be delayed 30-60 days from the March 2nd date.  Well, the Dept. of Housing and Urban Development (HUD) announced today that the new effective date for the financial assessment will be April 27, 2015.

For those who are assigned a case number on or after April 27th,2015 you will be subject to the financial assessment.

Read more here about the Financial Assessment Here