A Step Back for Reverse Mortgages

Miller, Mark
January 2014
REP.;Jan2014, Vol. 38 Issue 1, p26
The article reports on new guidelines from the U.S. Department of Housing and Urban Development (HUD) that reduce the size of some reverse loans, boost fees and make drawdowns less flexible. The rules enacted in October 2013 seek to make reverse mortgages safer and encourage their use as a long-term financial planning tool


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