HECM borrowers are
very satisfied with their loans within the first
few years, but they are
paying them back
within 6 to 7 years.
So if they are that satisfied after a few
years, why are they paying them back
just a few years later?
The documents listed on this page illustrate themes that are - or will be - explored on the Analysis and Commentary page.
>>
An AARP study found that HECM borrowers
are very satisfied with their loans within the
first few years.
It also recommended development of a
"lite" reverse mortgage in which borrowers
would accept much smaller loan amounts in
exchange for much lower - if any - insurance
costs.
>>
A HUD study found that HECM borrowers
are paying paid back their loans within
six to seven years
>>
A British report describes an innovative
effort to develop a "lite" reverse mortgage
>>
An Urban Insitute researcher proposes a
low-cost reverse mortgage program
to
pay for long-term care in the home
>>
A veteran HECM counselor provides insight
into issues facing counselors in
testimony
before the U. S. Senate Special Committee
on Aging
>>
A GAO report finds room for improvement
by HECM lenders and counselors
>>
A North Carolina credit union publication
describes its lower-cost reverse mortgage