The reverse mortgage industry is adapting on all fronts as lenders, vendors and borrowers look to refresh their understandings of new program changes, says Shannon Hicks in this week’s Reverse Focus podcast. There lies, however, a danger in those individuals and stakeholders who aren’t yet up to speed.
Also discussed, the Department of Justice has created a new online resource to help seniors and their families combat elder abuse. The website will serve as a form for law enforcement and elder justice policy communities in efforts to share information and enhance public awareness.
Florida’s senior homeowners are getting a leg up with a reverse mortgage assistance program in the state that aims to help individuals cure loan default, however, the initiative has been struggling to catch on with more participants.
Lastly, a bill introduced last week in the House of Representatives could loosen mortgage lending restrictions and open the doors of homeownership for millions of Americans. What’s more is that the bill would also eliminate medical debt from credit reporting.
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- Reverse mortgage industry adapting on all fronts
- Justice Dept. launches new crusade against elder abuse
- Florida’s reverse mortgage assistance program soldiers on
- House bill aims to make getting a mortgage easier
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.