NRMLA asks Congress to restore HUD housing counseling funds
NRMLA says HECM borrowers must get HUD-approved.
Educational
HousingWire reports that the National Reverse Mortgage Lenders Association is pressing Congress to restore funding for HUD housing counseling programs, which HECM borrowers are legally required to complete before their loans can close. The association's position underscores that this counseling is not optional but a statutory checkpoint in the reverse mortgage process, meaning any disruption to funding directly threatens borrowers' ability to access these loans at all.
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Source: HousingWire, “NRMLA asks Congress to restore HUD housing counseling funds”. Read the original →
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