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El Departamento Federal de Vivienda y Desarrollo Urbano (HUD, en inglés) anunció cambios que van a afectar a las personas mayores que buscan conseguir una hipoteca revertida del programa Home Equity Conversion (HECM, en inglés).
LoriTrawinskicrop
At a recent Senate hearing on reverse mortgages, AARP testified and suggested recommendations for improving the Home Equity Conversion Mortgage (HECM) reverse mortgage program.  These changes would enhance consumer protections and increase the fiscal stability of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund. 
House on Money
Changes are likely coming to the Federal Housing Administration's (FHA) Home Equity Conversion Mortgage (HECM) reverse mortgage program. Proposed changes include the long-awaited and first-ever financial assessment of potential borrowers. At a recent reverse mortgage industry event, an official from the U.S. Department of Housing and Urban Development (HUD) referred to this change as a "financial and credit assessment." So, it appears that HUD may be considering credit scores in determining whether the HECM is a viable option for a borrower. Other proposed changes include limiting the upfront draw, ( i.e., the amount of funds available to the borrower in a lump sum at loan origination) for certain purposes, and establishing tax and insurance set asides or escrows. These proposals constitute major changes in the way the HECM program is administered.
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