Archive for January 2016

HUD Collecting Information on Reverse Mortgage Counseling Consumers

The Department of Housing and Urban Development (HUD) is planning to collect information on consumers who have participated in the Home equity Conversion Mortgage (HECM) counseling sessions.
HUD mandates these sessions as a way to protect potential HECM borrowers from lack of understanding about the HECM product. By surveying counseling participants, HUD plans to use the [...]