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HECM

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Reverse mortgage industry reacts to David Stevens’ criticism 

Dec 04, 2018By

David Stevens – the former head of the FHA and the MBA – made some scathing remarks about reverse mortgages last week that sparked heated criticism from members of the industry. HECM professionals say Stevens’ remarks fail to acknowledge program changes that have already taken place, calling his comments disappointing and dated.

3d rendering of a row of luxury townhouses along a street

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