According to the ML, lenders must use the new national bmortgage/b limit and calculate the loan origination fee using limitations established by HERA, and new policy guidance issued by FHA, when re-calculating HECM loans that did not close b.../b

More... (http://reversemortgagedaily.com/2008/11/06/hud-publishes-new-hecm-loan-limit-mortgagee-letter-lets-the-apps-begin/)

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