Rep. Neguse Calls for Updates to Reverse Mortgage Foreclosure Guidelines for Victims of Major Disasters
March 18, 2023
March 18, 2023
LAFAYETTE, Colorado, March 18 -- Rep. Joseph Neguse, D-Colorado, issued the following news release and letter:
This week, Congressman Joe Neguse wrote to Federal Housing Administration (FHA) Commissioner Julia Gordon, requesting an update to the Home Equity Conversion Mortgage (HECM) occupancy requirements for borrowers following a natural disaster. The letter comes after Rep. Neguse heard concerns from constituents that mortgage companies were foreclosing on damaged properties owne . . .
This week, Congressman Joe Neguse wrote to Federal Housing Administration (FHA) Commissioner Julia Gordon, requesting an update to the Home Equity Conversion Mortgage (HECM) occupancy requirements for borrowers following a natural disaster. The letter comes after Rep. Neguse heard concerns from constituents that mortgage companies were foreclosing on damaged properties owne . . .