Reverse Mortgages a ‘Festering Problem’ Enabled by Government: Whalen

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Reverse Mortgages a ‘Festering Problem’ Enabled by Government: Whalen

Reverse Mortgages a ‘Festering Problem’ Enabled by Government: Whalen
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Reverse Mortgages a ‘Festering Problem’ Enabled by Government: Whalen

Daily Ticker 1:19 mins

Fewer seniors will be able to take advantage of the federal government's reverse mortgage program in the near future. The Federal Housing Administration will put in place changes next week that will make it tougher to qualify for a reverse mortgage while also limiting the amount of money that seniors can draw down on their mortgage.

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