HECM Program is Working
The HCEM program is working! A new study of HECM borrowers shows that homeowners who got reverse mortgages were generally current on property taxes, had a higher overall sense of well-being, and were satisfied with their decision.
The key findings come from “Aging in Place: Analyzing the Use of Reverse Mortgages,” a comprehensive research effort led by Dr. Stephanie Moulton, a professor at Ohio State’s John Glenn School of Public Affairs. A first look at study outcomes are published in the March-April issue of Reverse Mortgage magazine.
The outcomes, both data-supported and anecdotal, confirm that the HECM program has fulfilled its intent and improved the lives of utilizers. Read the complete article and link to the study at NRMLAonline.org.