Unmet Promise: Reverse Mortgage Servicing Challenges and How to Preserve Housing Stability for Older Adults
BY: SARAH BOLLING MANCINI WITH: COLIN WEIDIG, CAMILLE DESIERTO, MARYANN FLANAGAN, RACHEL SCOTT There are roughly 480,000 reverse mortgages currently outstanding in the United States. This number is expected to grow as baby boomers age. The program was designed to allow older homeowners to borrow against their home equity without the risk of displacement, but…
