Obama Signs Reverse Mortgage Act, Home Price Slowdown Soothes Bubble Fears

ReverseFocusReverse Focus Weekly Podcast Episode #271

In this week’s Reverse Focus podcast, Shannon Hicks discusses President Obama’s signing of the Reverse Mortgage Stabilization Act into law last week. The act gives the Department of Housing and Urban Development (HUD) the authority to move forward with “much needed” reverse mortgage reforms.

Also discussed, rapidly rising home prices don’t appear to be drawing the nation into another housing bubble, according to online real estate firm Trulia. Nationally, home prices are 5% undervalued from peak 2006 levels and are experiencing a slowdown—both factors boosting the chances of avoiding another housing bubble in the coming years. 

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Lastly discussed, a PBS segment raises the question of whether it takes a village model to help retirees age in place.  By using community resources and neighborhood help, the village model is an alternate to entering into a long-term care facility, which can be more than some retirees can afford.

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Talking Points:

  • Obama signs Reverse Mortgage Stabilization Act into law
  • Price slowdown helps avoid another housing bubble
  • Aging in place takes on a village approach

Listen Now. “Reverse Focus 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.”

Editor’s Note: These posts are sponsored by Reverse Focus.

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