Senators Work To Improve Reverse Mortgage Rules

Two senators are working to change specific reverse-mortgage rules in an effort to keep heirs safer from foreclosure. A growing number of heirs are facing foreclosure after receiving confusing information regarding their parent or grandparent’s reverse mortgage after the borrower has died. Senators Barbara Boxer and Charles Schumer are pushing for the housing department to make heirs’ options more understandable and clear. More here

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