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National Council on Aging to Provide Counseling on Reverse Mortgages

The U.S. Department of Housing and Urban Development (HUD) has awarded $2.53 million to the National Council on Aging (NCOA) to continue counseling services for older homeowners on the benefits and risks of reverse mortgages. This is in partnership with the Administration on Aging (AoA). As part of the overall services, some of the funds will be used to develop counseling strategies for those who have reverse mortgages, and additional funds will support the counseling mandates approved by HUD in September 2010.
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