The Obama administration is asking taxpayers to subsidize the Federal Housing Administration’s program for reverse mortgages for the first time.
The administration has requested that Congress appropriate $798 million for the program, according to budget documents released by the White House Thursday. However, the FHA’s flagship single-family mortgage insurance program will remain self-funded, squelching concerns that [...]

Home Purchase with a Reverse Mortgage is available almost nationwide…
The Federal Housing Administration early this year approved such a deal as a form of reverse mortgage for home buyers who are 62 or older.
But in Texas, the only thing anyone can do is imagine. The home-equity-for-purchase deal is available in 49 states, but not Texas.
Here’s [...]