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HUD Counseling Protocol Discussed at First NHCA Conference
“Topics included HUD’s effort to prevent lenders from steering borrowers to specific counseling agencies”
Seniors Seek Reverse Mortgages as Investments, Home Values Fall
More seniors are researching reverse mortgages to stave off investment losses as home values decline, according to a report by Golden Gateway Financial.
The Oakland, Calif.-based brokerage analyzed data collected by its online reverse mortgage calculator along with S&P/Case-Shiller Home Prices Indices data released in February. Golden Gateway released its findings yesterday.
“Retirees who are unable to tap [...]
Reverse Mortgage Bill Introduced in California
California Assemblyman Mike Feuer introduced reverse mortgage legislation that would allow borrowers to cancel the loan within 30 days, require lenders to provide a list of all nonprofit counselors in the state that are approved by the U.S. Department of Housing and Urban Development, and require the lender to pay triple the amount wrongfully withheld [...]
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