HUD Warns Reverse Mortgage Counseling Agencies, Calif. HECM Bill Introduced

NewImage.jpgReverse Fortunes Weekly Podcast Episode #197

The latest podcast from Reverse Fortunes looks into a California reverse mortgage bill that would require face-to-face counseling for all borrowers, similar to a recent law passed in Massachusetts. Additionally, Reverse Fortunes’ Shannon Hicks discusses a recent warning sent by the Department of Housing and Urban Development to reverse mortgage counseling agencies warning those agencies of potential counseling violations.

Hicks also addresses a forthcoming study on reverse mortgages from researchers at Texas Tech that aims to educate the financial planning world on the benefits of funding longevity through the use of home equity.

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Talking Points:

  • CA Bill will require face-to-face HUD counseling
  • Reverse mortgage counseling agencies warned by HUD
  • Texas Tech study opens up a whole new world
  • Canadians say it’s mainstream

Listen now“Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editors Note: These posts are sponsored by Reverse Fortunes.

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