Foreclosure Attorney: HUD To Assume Loans without Requiring Non-Borrowing Spouse to Pass the Principal Limit Test The U.S. Department of Housing and Urban Development (HUD) recently changed its policy regarding non-borrowing spouses of reverse mortgage borrowers. Mortgagee Letter 2015-15 authorizes reverse mortgage lenders tto assign a loan to HUD if a surviving spouse is living in the […]
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