Reverse Mortgage

Relief for Reverse Mortgages Proposed

Congresswoman Maxine Waters (D-CA) wants better transparency for those seniors over 62 that have reverse mortgages, specifically HECM – Home Equity Conversion Mortgage. There have been may issues on what happens to non-borrowing spouses once the other spouse, the borrower, dies.   She argues that by factoring in the age of the youngest borrower in […]