Some Feel Reverse Mortgages Offer ‘Too Many Options,’ Industry Disagrees
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Some Feel Reverse Mortgages Offer ‘Too Many Options,’ Industry Disagrees

Late last year, the House Financial Services Subcommittee on Housing, Community Development, and Insurance convened a hearing to discuss merits and possible areas of improvement in the federal Home Equity Conversion Mortgage (HECM) program. Featuring a panel of witnesses that included academic and government researchers along with the then-president of the National Reverse Mortgage Lenders Association (NRMLA), the overall tenor of the conversations had during the hearing were surprisingly cordial.