The state of Texas had been resistant to reverse mortgages, and home equity lending in general, for a very long time before things started to change in the 1990s. Much of the change in the state’s perspective on the matter was due to the efforts of Scott Norman, whose career as a legislative aide for […]
Following up on a directive to reform and streamline housing finance made by President Donald J. Trump in a March memorandum, the United States Department of the Treasury has submitted its housing finance reform plan to the president for his approval, which includes specific proposals to streamline the Home Equity Conversion Mortgage (HECM) program. Aspects […]
