General World News

HUD counselors offer new guidance on reverse mortgage programs

The U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, consolidations and reorganizations to a section focused on the Home Equity Conversion Mortgage (HECM) program.

This is according to a January meeting of the Housing Counseling Federal Advisory Committee (HCFAC), where the changes were detailed by OHC Office of Policy and Grant Administration specialist Terri Ames.

David Berenbaum, HUD’s deputy assistant secretary for housing counseling, also expressed an ongoing desire to work with the reverse mortgage industry and educate details ⇒

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