06/22/2011
https://www.congress.gov...
"Counseling seems to be obviously not only a necessity here in order to qualify but so critically important."
"The most productive action Congress can take right now is to provide HUD with the authority to make changes on a more expeditious basis."
"So that means that every borrower---- has to first have counseling before they could ever----"
"Let me ask, most of reverse mortgage loans are HECM loans, and the insurance provided by FHA on these loans protects lenders from losses."