Does the Reverse Mortgage Provide Long Term Security?
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Is The HECM A Solution?
Does the HECM provide a long term solution or a short term fix to borrowers? That’s the question HUD officials will ponder as the shape the upcoming Financial Assessment. In fact a study began in the spring of 2012 led by CredAbility & Ohio State University will provide the valuable data needed to shape the assessment. Drawing from data from CredAbility’s 30,000 plus reverse mortgage clients and a survey of 5,000 past borrowers it is hoped that policy will be shaped on data rather than anecdotal evidence.