Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), described a need for more reverse mortgage comprehension during an interview at this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego.

As the interest rate environment improves, the likelihood that existing Home Equity Conversion Mortgage (HECM) borrowers will seek a refinance increases. Counseling plays a details ⇒

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