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Policymakers should issue strong consumer protections against abusive loan servicing practices.

Policies should be in place to avoid unnecessary foreclosures.

The origination fee for HECM refinances should be lower than for the original loan.

States should establish consumer protections for proprietary reverse mortgages not insured by the federal government.

Policymakers should create or extend programs that would address reverse mortgage foreclosures.

State and federal policymakers should improve disclosures to help borrowers understand the complexities of reverse mortgages (for both H

The federal government should provide sufficient funding to pay for required HECM counseling.

Proceeds from reverse mortgages should not affect homeowners’ eligibility for public benefit programs.

Policymakers should ensure that reverse mortgage servicers are not engaging in unfair, deceptive, or abusive practices.

Consumers should receive accurate, timely, and easily understood disclosures of risks and costs.