In the Reverse Mortgage World, it is the Wild, Wild, West!
March 6th, 2009
With all of the FHA regulation, you'd think that things would be done similarly, but it is simply not the case, let's break it down - (while I'm not sure that I have a point other than the fact that we are all different, yet chasing the same goals and benchmarks). Lenders - Banks and other lenders have different UW policies, different condo certs, and different rate lock periods. And unlike years ago, many different products with caveats within each!