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

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 Consumer Financial Protection Bureau (CFPB) should require lenders to incorporate consumer protections.

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

HUD should take enforcement action against and deter reverse mortgage fraud and scams.

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

Federal regulators should ensure that disclosures, sales practices, and advertising of reverse mortgage loans are not misleading or deceptive.

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.