If we simply do nothing, the rental affordability crisis will only get worse. The reason: shifting demographics. At the 2016 Republican National Convention, we will be doing our best to raise the volume on America’s rental affordability crisis. If we keep the drumbeat going long enough, we are confident our message will finally get through.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.