[Update] FHA Gives New Options for Reverse Mortgage Non-Borrowing Spouses The Federal Housing Administration (FHA) today issued new guidance for under the Home Equity Conversion Mortgage (HECM) program, allowing lenders the option to delay foreclosure of non-borrowing spouses, according to a new Mortgagee Letter. The guidance presents an option, not a requirement for lenders, meaning that existing non-borrowing spouses may have new protections under certain circumstances.   “FHA’s new guidance will allow reverse mortgage lenders

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