Will HUD Allow The HECM Program To Die?
HECMs plus Annuities have synergistic benefits for retirees
© Can Stock Photo / gpointstudio
HUD created this ingenious and multi-faceted reverse mortgage program, but its well-intentioned effort to protect it against misuse has been a disaster.
The disaster has stemmed from HUD’s requirement that the HECM be a stand-alone product, as opposed to being part of integrated retirement…