Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate

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Reverse-mortgage fails not a factor in Florida’s stubbornly high. – Foreclosures are down nationwide since last spring but not in Florida, where foreclosure filings increased by 23 percent this May compared to. Reverse Mortgage Rules & Requirements. This is primarily due to rules and regulations set by the Federal Housing Administration (FHA).

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Reverse-mortgage fails not a factor in Florida’s stubbornly high foreclosure rate foreclosures are down nationwide since last spring but not in Florida, where foreclosure filings increased by 23.