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HUD publishes new reverse mortgage counseling guidance
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HUD publishes new reverse mortgage counseling guidance
Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information. HUD this month published a “toolkit” detailing how someone can become a HECM roster counselor. The document “outlines the steps required for HECM roster certification, including tra…
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