Friday, October 13, 2017

HUD Cites Reverse Mortgages As Solution to Senior Housing Stress


Reverse mortgages may be one solution to the pressing problem of senior housing that many aging homeowners will soon face, says the Department of Housing and Urban Development in a recent publication. And there’s potential for research that would further examine the benefits of Home Equity Conversion Mortgages (HECMs) by comparing those who have taken HECM loans with similarly positioned households that have not, HUD says.

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