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	<title>Reverse Mortgage News and Articles &#187; hud lender</title>
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		<title>FHA Authorizes HECM for Home Purchase</title>
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		<pubDate>Tue, 27 Jan 2009 00:39:26 +0000</pubDate>
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		<category><![CDATA[hecm for home purchase]]></category>
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		<category><![CDATA[purchase reverse mortgage]]></category>
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		<description><![CDATA[Written by: Michael Borba (Owner/Broker, MLS Reverse Mortgage, Auburn, Ca)
 
Beginning January 1, 2009 FHA will began insuring reverse mortgage loans for Seniors to purchase homes. Reverse mortgages have traditionally been available for refinance loans in the past, provided the Senior resided in the home.

What does this mean to Seniors?  This is really great news for Seniors, 62 [...]]]></description>
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