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Will HUD’s new guidelines transform reverse mortgage counseling?

Counseling, Credit.org, HUD, HWmember, Regulatory, Reverse, Reverse Mortgage Daily /

The U.S. Department of Housing and Urban Development (HUD) has issued regulatory guidance in the past year that has had a “significant impact on counseling” for prospective Home Equity Conversion Mortgage (HECM) borrowers. That’s according to Melinda Opperman, the chief external affairs officer for Credit.org, a national nonprofit financial counseling agency. In a recent interview […]

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HUD publishes new reverse mortgage counseling guidance

Counseling, FHA, HECM, HUD, HWmember, Reverse /

Counseling is an essential part of the Home Equity Conversion Mortgage (HECM) origination process, and the U.S. Department of Housing and Urban Development (HUD) has recently refreshed some of its guidance documents for HECM counselors to offer essential information. HUD this month published a “toolkit” detailing how someone can become a HECM roster counselor. The

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