Why is it that government thinks that if it makes things more expensive and difficult they are protecting the citizenry? How inconsiderate, especially when it is heaped upon seniors who already feel like a reverse mortgage is too expensive on a fixed income.

I spoke to a counselor with a local housing authority yesterday. She said HUD has indicated they are going to start discouraging telephone counseling! I would guess at least 75% of all counseling nationally is done by phone. Many seniors have a hard time getting out or cannot do it at all. When I give my clients the choice of how to receive counseling most seem to prefer it over the phone.

She also indicated that HUD is going to start making the counselors go through a certification process. She said this will make it so expensive she is thinking of dropping the service altogether! WOW! Aren’t we making progress. Maybe a bill needs to be introduced requiring all Senators, Representatives and HUD related agency employees take an intelligence test!

Good day,

I am very surprised HUD has implemented a ruling that the lender can’t pay for the counseling. What happens if the applicant does not have the money to pay for it. I know, HUD has provision for hardship cases. However, the time and effort that a senior has to go through to get approved will be a nightmare. HUD does not know the meaning of simplicity. HUD and its employees purposely makes things complicated to justify their positions, that is fact.

I am very upset over this ruling and so should all seniors. When HUD funded the program completly for seniors, it worked. HUD needs to cut spending in other areas, not in a way that will hurt the senior and slow down the process.

I have no problem if the REVERSE MORTGAGE DAILY POST wants to forward my E-Mail directly to HUD, you have my permission to do so.

Thank you,

The Great American Philosopher

http://www.thegreatamericanphilosopher.com

SPONSORED BY: John A. Smaldone

Admin,

I thought if the Reverse Mortgage Daily Post started a petition and had enough people on the petition, the petition would have a lot more punch to it. I know I can contact HUD directly, in fact I did call HUD and told them what I thought. However, those of us that subscribe to your publication look for the Reverse Mortgage Daily Post to participate with us, taking part with us and to take positions on issues.

By having petitions on important issues will give you the insight to see how your readers stand, if the majority is for an issue, then get a petition going. We are strong in numbers, this is why I called on you!

Sincerely,

The Great American Philosopher

http://www.thegreatamericanphilosopher.com

SPONSORED BY: John A. Smaldone