The Senate Special Committee on Aging invited representatives from the Internal Revenue Service, Federal Trade Commission and a Pennsylvania-based community organization to a public hearing this week to discuss efforts by law enforcement agencies to combat financial fraud and protect older Americans from being scammed. In videotaped testimony before the committee, an 81-year-old man from … more Stopping Senior Scams
The HOPE NOW Alliance and ClearPoint Credit Counseling Solutions are collaborating on a one-year pilot program that assists homeowners in California who have reverse mortgage issues, concerns and questions. Five public events are being organized, beginning in March, and lasting throughout the year. “The goal is to create face-to-face interactive events where participants can gain … more New Collaboration Focuses on CA Borrowers
The Department of Health and Human Services plans to soon launch a data collection program that will assist experts combating elderly exploitation, according to an article published in The Washington Post titled Elder abuse – Often the kin did it: Feds to collect data. “Unfortunately, the extent of elder abuse by guardians is relatively unknown … more Feds to Start Collecting Data for New Elder Abuse Reporting System
Reverse mortgages are a versatile financial tool that nearly a million homeowners have used to age-in place, and for other reasons. However, like any financial product, reverse mortgages should be considered carefully before deciding whether to obtain one. The National Reverse Mortgage Lenders Association’s free Reverse Mortgage Self-Evaluation poses seven questions and important considerations interested consumers should … more Reverse Mortgage Self-Evaluation: A Checklist of Key Considerations
The National Reverse Mortgage Lenders Association created, “What You Need to Know About Your HECM After Closing” to answer questions reverse mortgage loan borrowers, and their heirs, may have about their FHA-insured Home Equity Conversion Mortgage, commonly referred to as a reverse mortgage loan. This free guide explains the important role of the Loan Servicer … more What You Need to Know About Your HECM After Closing
The National Reverse Mortgage Lenders Association created, “What Do I Do When My Loan is Due?,” to walk reverse mortgage loan borrowers and their families through the end of the loan process when it is time for the loan to be repaid. This guide will help you prepare when a Maturity Event occurs and the loan … more What Do I Do When My Loan is Due?
The insidious onset of Alzheimer’s disease or other dementia can sneak up on a client and affect their ability to exercise judgment about finances. To help your clients, you need to know the red flags of diminished capacity, a basic skill anyone can learn. You can get a free checklist to help do that at … more A New Tool for Recognizing Diminished Capacity
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Housing counselors seeking continuing education units to fulfill HUD’s Roster requirements can earn up to eight HECM-specific CEUs at NRMLA’s Annual Meeting & Expo in Chicago, November 14-16, after the Department’s Office of Housing Counseling approved four courses this week. The courses include: The Math Behind HECMs (1 CE) NRMLA’s Code of Ethics and Its Impact … more HECM Counselors: Get Your CE Units in Chicago
The United Nations and communities around the world will celebrate International Day of Older Persons on Saturday, October 1, in recognition of the vital contributions of older people. This year’s theme is “take a stand against ageism” in order to draw attention to, and challenge, negative stereotypes and misconceptions about older persons and aging. Ageism … more Commemorating International Day of Older Persons