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AARP sues HUD over Reverse Mortgage policy

Shared by Raymond on Sun Apr 10, 2011 9:04 am
In 2008, HUD redefined the word "non-recourse", revising the way Reverse Mortgages have worked since 1989. The change has been painful to some Homeowners and/or their Heirs, and AARP is taking action, filing a lawsuit against HUD. Source: http://reversemortgagedaily.com/2011/04/07/despite-hecm-program-change-aarp-lawsuit-against-hud-moves-forward/

Community Members Opinion

jameshogg

Joined: 20 Dec 2005

Posts: 10477
Location: Nevada

990.06 Dollars($)

Posted: Sun Apr 10, 2011 8:35 pm Post subject:

Thanks for sharing the news, Raymond! I feel this is a good move by AARP and it will make matters better in the long run.