Two Major Nonprofit Credit Counseling Agencies Merge, Expects HECM Growth

Earlier this month, Consumer Credit Counseling Service (CCCS) of Greater Atlanta announced that it was merging with Consumer Credit Counseling Service (CCCS) of Central Florida & The Florida Gulf Coast.  Together these agencies provided a range of counseling services to an estimated 550,000 consumers during 2008.  The merger enables CCCS of Greater Atlanta to significantly […]

HUD Publishes HECM For Purchase Counselor Training Presentation

HUD recently published a HECM for Purchase Training presentation for HECM counselors on its website.  The powerpoint includes slides that covers the monetary investment requirement, allowable funding sources, role of the real estate agent, and other topics regarding the HECM for purchase. Along with the powerpoint, HUD posted a recorded conference call it conducted for […]

State Of The Reverse Mortgage Counseling Industry 2008 Report

HUD’s Office of Policy Development and Research recently published its 2008 State of the Housing Counseling Industry  Report.  The study covers all types of education and counseling services and provides an overview of the housing counseling industry and investigate the challenges it faces. A substantial amount of the report discusses how HECM counseling will continue […]

HUD Announces $50 Million In Housing Counseling Grants, Includes Reverse Mortgages

Today Department of Housing and Urban Development (HUD) announced that $50 million in housing counseling and counseling training grants that will go out to nearly 400 national state and local agencies.  The counseling grants will assist families in becoming first time homeowners and remain homeowners after their purchase.  A portion of the grants will help […]

Senator McCaskill Receives Award From AARP?

On Monday Senator Claire McCaskill accepted a national award presented by AARP for her legislative work to protect senior citizens from aggressive marketing and predatory lending in the reverse mortgage industry.  The award is part of AARP’s Congressional Award program which honors members of Congress for their efforts on behalf of Americans over the age […]