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Community Development Events

Reverse Mortgages: Challenges, Issues, and Opportunities

Wednesday, December 1, 2010
Federal Reserve Bank of Philadelphia

The Financial Education Network (FEN) convenes regular meetings for representatives of nonprofit organizations, banks, and governments in Pennsylvania, New Jersey, and Delaware who provide financial education to low- and moderate-income residents.

This meeting provided an overview of reverse mortgages, including the FHA-insured home equity conversion mortgage (HECM), and offered the perspectives of two financial institutions and two housing counselors. It also provided insight into the recession’s impact on HECMs and the future of the HECM program.

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Federal Reserve Bank of Philadelphia
Community Development Studies & Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6037 – phone
(215) 574-2512 – fax

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