FHA Announces New Principals for Reverse Mortgages

October 15, 2009

Source: FHA

On September 23, 2009, the Federal Housing Administration announced a new set of
principal limit factors (PLF) for their Home Ownership Conversion Mortgage (HECM)
Program. The new PLF goes into effect on October 1, 2009. The new factor table is
available electronically for lenders, counselors, and others involved with the FHA reverse
mortgage program.

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