Consumer and advocacy groups are thrilled following news that the Department of Housing and Urban Development (HUD) issued revised guidelines to its non-borrowing spouse policy, says Shannon Hicks in this week’s Reverse Focus podcast. The revised guidelines, released June 12, allow lenders to defer foreclosure for certain eligible non-borrowing spouses.
Also discussed is how the Huffington Post recently presented reverse mortgages in a positive light. A recent Huffington Post article says the reverse mortgage is a feasible financial vehicle and outlines six reasons why.
In another podcast story, the difference between appraiser and homeowner perceptions continued to widen for the fourth consecutive month in May.
Lastly, Hicks discusses the growing need for aging in place options as America braces for an “explosion” of the senior population.
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- Consumer Advocates Thrilled with HUD’s New Non-Borrowing Spouse Policy
- Huff Post Lists Six Benefits of a Reverse Mortgage
- Surprise? Homeowners and Appraisers Often Disagree on Valuation
- Aging In Place Options Needed for Wave of Seniors
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.
Written by Cassandra Dowell