Obamacare does zero, nothing, to address that.
Yet in your testimony, while you support counseling, you also said counseling is not enough to protect seniors.
The bottom line from my perspective and where I come from--certainly for the people of my State of New Jersey--is about protecting seniors.
I introduced S.469, allowing the FHA to implement much needed reforms, give them the authority via Mortgage Letter to reduce the amount of m...
We thank Senator Menendez for his leadership and the introduction of bill S.469, which would give HUD the tools it needs to act quickly to e...
Thank you.
Some are concerned with vesting too much authority with FHA by granting them the ability to make program changes via Mortgagee Letter in lie...
Let me ask, most of reverse mortgage loans are HECM loans, and the insurance provided by FHA on these loans protects lenders from losses.
So that means that every borrower---- has to first have counseling before they could ever----
Counseling seems to be obviously not only a necessity here in order to qualify but so critically important.
HECM really is an example of a public-private success.