Seniors and Reverse Mortgages
This year marks the 20th anniversary of HUD’s Federal Home Equity Conversion Mortgage program.
Witnesses from consumer advocate groups, the loan industry, and family members testified about the growth of reverse mortgages and the need … read more
Witnesses from consumer advocate groups, the loan industry, and family members testified about the growth of reverse mortgages and the need to strengthen consumer protections against predatory lending. Reverse mortgages are often used by seniors to finance retirement or pay medical bills.
This year marks the 20th anniversary of HUD’s Federal Home Equity Conversion Mortgage program. close
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