Significant reports indicate that the elderly population will reach exceptional heights in the following decades. By 2035, one-third of homeowners will be older adults. Many individuals know that 10,000 baby boomers turning 65 every day is nothing new. According to Harvard University’s Joint Center for Housing Studies (JCHS), by 2035, older adults aged 65 andContinue reading “One-Third of Homeowners Will Be Older Adults by 2035”
Monthly Archives: January 2019
Federal Government Shutdown and HECM
When the federal government is shut down, what happens to HECM applications? The Federal Housing Administration (FHA) is a federal government program that oversees HECM applications. The FHA has temporarily halted the insurance of new HECM loans but will start doing so once the government is back in operation. It is still possible to submitContinue reading “Federal Government Shutdown and HECM”