Congress Needs to Protect Our Seniors by Protecting Reverse Mortgage Programs

Congress should be encouraged to help shore up this program

, which is facing tough times with this latest projected shortfall. Every shortfall in the program means less money for the seniors who really need it and may mean fewer of the people who really need help from the reverse mortgage will actually get it. It may also mean more negative media attention, which in turn may keep some seniors, already leery of the banking industry as a whole, from applying for a financial product that they think of as poorly managed. The people who need it most should be reassured that they are engaging in a secure process and it should not be put at risk because of a budgeting error. Congress must support the HECM.

Congress Needs to Protect Our Seniors by Protecting Reverse Mortgage Programs

By: Andrew Casey

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