HUD Reveals Recipients of $43M in Housing Counseling Grants

The Department of Housing and Urban Development (HUD) this week announced the organizations that will receive a total of $42.8 million in counseling grants, including reverse mortgage counseling. “HUD-approved housing counseling agencies are on the front lines of helping individuals and families to find affordable rental housing or make more informed homeownership choices,” said HUD […]

MetLife Grant Fuels Help for Reverse Mortgage Disaster Recovery

Project Porchlight, an initiative of non-profit counseling organization Money Management International (MMI), has announced its public launch along with the disclosure of its primary financing partner: the MetLife Foundation. While previously available only through the Federal National Mortgage Association (FNMA, or “Fannie Mae”) Disaster Response Network, a grant from MetLife Foundation has enabled MMI to […]

Non-profit Network Offers Disaster Relief for Reverse Mortgage Borrowers

In the wake of new disaster guidance for reverse mortgage borrowers from the Consumer Financial Protection Bureau (CFPB) and as parts of the southeastern United States continue to contend with the aftermath of Hurricane Dorian, affected reverse mortgage borrowers have another alternative to receive counseling and personalized assistance after surviving a natural disaster. Project Porchlight, […]