HUD announces sale of former reverse mortgage properties to bolster Biden housing supply pledge

April 13, 2022

Reverse Mortgage Daily–Chris Clow

The U.S. Department of Housing and Urban Development (HUD) is holding a competitive bid for HUD-held vacant note sale on June 8, 2022, made up of properties that were secured by Home Equity Conversion Mortgage (HECM) loans in which there was no heir or non-borrowing spouse (NBS).

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