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Policymakers should support the creation of permanent affordable homeownership options for people with low and moderate incomes.
Reverse mortgage proceeds should not affect homeowners’ eligibility for public benefit programs.
Servicers should be required to provide loss mitigation options to HECM borrowers.
Federal legislation should provide a minimum level of consumer protections.
Regulators should provide effective oversight of the financial industry and enhance consumer protection.
All depository institutions should be required to provide an adequate level of banking services to individuals, including customers with low incomes.
Policymakers should conduct robust oversight and enforcement related to scams and fraud.
Policymakers should establish reasonable interest rate ceilings for all lenders. These rates should co