CMG Home Loans, the retail lending division of CMG Financial, has its eyes on growing its dedicated reverse mortgage segment. In addition to recently making a key operations hire in an effort to ...

The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar ...

Yes. Known as the HECM for Purchase, this program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction. This program has been ...