September 8, 2017
- The Consumer Financial Protection Bureau (CFPB) studied an array of scenarios and determined that “reverse mortgage loan costs” are greater than any increase in Social Security benefits homeowners receive throughout their life due to a delay in the release of the aid. The report also notes that homeowner equity diminishes as the seniors grow older. In the end, these homeowners have limited options in purchasing a new home later in life and handing financial shifts.
- The Center on Budget and Policy Priorities released fact sheets to assist U.S. residents with affordable housing. To date, approximately five million Americans participate in affordable housing programs. These released fact sheets support these Americans by detailing the users and people in need of aid in each state. Further the sheets provide low income housing locations and the sources of federal funding.