Why the ‘silver tsunami’ is a big challenge for small communities by Chris Clow for HousingWire

HousingWireHousingWire The so-called “silver tsunami” — referring to some kind of “rush” of older people into certain places, out of the workforce or to their housing stock, depending on who you talk to — has larger communities scrambling about how to effectively absorb more older residents. High-profile retirement destinations including…

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Loan officers detail the challenges of explaining reverse mortgages by Chris Clow for HousingWire

HousingWireHousingWire Reverse mortgage professionals encounter a variety of challenges when introducing product specifications to a prospective customer for the first time. These elements may include an explanation of how the loan proceeds work, clarifying the realities of negative amortization, or something as basic as communicating to a family member why…

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