The Government Accountability Office (GAO) has released a new report giving reverse mortgage suggestions for the Federal Housing Administration (FHA), including some recommendations on providing better oversight of its servicers.
GAO also recommended FHA work with Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger to complete an agreement for sharing the results of CFPB examinations of HECM servicers with FHA.
Read on for details from the GAO’s study.
TO READ THE FULL STORY
Cover Story: