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HUD reduces HECM Saver upfront fees to .01% of principal

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HUD reduces HECM Saver upfront fees to .01% of principal

The Department of Housing and Urban Development released more details on its latest reverse mortgage product, HECM Saver, which HousingWire reported in August. HECM Saver will have an upfront MIP of only .01% of the property's value, significantly reducing upfront costs. Under the HECM Standard option, the upfront mortgage insurance premium will remain at...
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