David Berenbaum emphasized the partnership between the reverse mortgage industry and HUD, focusing on providing older Americans with secure, affordable housing options and supporting their financial health.
"Our work together, our partnership, is to ensure that older Americans have a safe, affordable, and secure place to live, and to age with grace and financial health in our nation," Berenbaum stated.
"The modernization rule...seeks to meet consumers where they are. Some people seek counseling services but might find it challenging to do so in-person," he noted.
Berenbaum highlighted that most seniors seeking reverse mortgage counseling prefer telephonic services, a trend that has been reinforced since the pandemic.
#reverse-mortgages #housing-counseling #public-private-partnership #home-equity-conversion-mortgage #older-americans
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