Consumer Groups Urge HUD to Help Reverse Mortgage Borrowers During Pandemic

More than 40 consumer advocacy organizations are urging the Department of Housing and Urban Development (HUD) to do more for reverse mortgage borrowers impacted by the national coronavirus crisis, following measures spelled out by the department last week. Borrowers need more protections than currently available, say The National Consumer Law Center (NCLC) and fellow consumer […]

USA Today Report Details Difficulties for Reverse Mortgage Heirs

A new in-depth article published by USA Today takes aim at legal and financial difficulties faced by the heirs of reverse mortgage borrowers when trying to pay off the loan balance in order to keep the affected properties. Based on input from over 100 “tips” submitted to the outlet after its look at reverse mortgage […]

Congressmen, Housing Experts Weigh HECM Program Pros and Cons

In a rare assembly of reverse mortgage stakeholders, housing experts and members of Congress, a hearing convened Wednesday before the The U.S. House of Representatives Financial Services Subcommittee on Housing, Community Development, and Insurance to discuss the merits and areas of improvement of the federal Home Equity Conversion Mortgage (HECM) program. Newly drafted legislation, a […]