Interesting WaPo story HERE.
I had been wondering what happened when the "E" was diminished in the HECM (Home Equity Conversion Mortgage) program.
Likely will be more to come once full budget documents and appropriations hearings begin.
Editorial Comment: As someone only a few months away from being able to qualify for a HECM loan, I just wonder: In this budget environment, do seniors really need another [indirect] subsidy for seniors, especially when the higher the HECM loan value, the higher the subsidy?
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