Federal Housing Administration Proposes Reforms For Reverse Mortgage Program Consumer Advocates Urge Additional Protections For Borrowers

Consumers UnionThursday, December 13, 2012Link: http://www.consumersunion.org/pub/core_financial_services/018516.html WASHINGTON, D.C. – In a letter (http://www.consumersunion.org/pdf/FHA_CU_121212.pdf) to the Department of Housing and Urban Development sent today,Consumers Union and the California Advocates for Nursing Home Reform applauded the agency for proposing steps to strengthen its reverse mortgage program, but urged federal regulators to consider a more comprehensive package of protections to ensure reverse mortgages are a safe financial option for seniors.

Senior Homeowners Warned of Risks of Reverse Mortgages

Video: http://abcnews.go.com/WNT/video/reverse-mortgages-rise-current-homeowners-17889576 Link to text: http://abcnews.go.com/Business/senior-homeowners-warned-risks-reverse-mortgages/story?id=17889575 Dec. 5, 2012 abcnews.go.com U.S. Says 57,000 Now in Danger of Losing Their Homes Linda and Jim McMahan said they could not believe their luck in 1993 when they found their dream house.

Father’s physician will not write a prescription to deduct extra expenses

Deducting out of pocket medical expenses from the share of cost?

Dear Advocate:

My father is in a skilled nursing facility and from time to time he has extra medical needs that he can not pay for because he only has $35.00 left each month after he pays his share of cost.