New HECM Principal Limit Factors

by Michael Shohoney September 28, 2009 10:13
Late on Wednesday, September 23, HUD announced that there was a new factor table that was to be used for all HECM loans with a case number assigned on or after October 1, 2009.  Math Corporation began implementing the new factors Thursday morning and on Friday, September 25 at 2:00 CDT released ZMathReverse with both new and old factors incorporated.  Our eZMathReverse will be updated later this week to incorporate the changes.  If these changes affect you, please notify us and we will get the new version of the component to you.