EPISODE · Apr 21, 2025 · 8 MIN
E875: Why Retirees Who Move to Lower-Tax States Don’t Save as Much as Expected
from Reverse Mortgage News by HECMWorld · host HECMWorld
[Housing Wire / HUD] HUD OIG report found HECM residency fraud and few controls. [Housing Wire] Have advisors lost interest in the HECM? [Wall Street Journal] Why retirees who relocate to states with no income tax don't always save money. Watch our video podcast here!
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What this episode covers
HUD’s OIG report exposes continuing occupancy issues While HUD’s residency requirements for HECM borrowers are clear, a recent memo from the agency’s Office of the Inspector General uncovered blatant violations and few controls in place to prevent fraud. Other Stories: [Housing Wire] Has Advisors’ Interest in the Reverse Mortgage Waned? [The Wall Street Journal] Retirees Who Move to Lower-Tax States Don’t Save as Much as Expected.
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E875: Why Retirees Who Move to Lower-Tax States Don’t Save as Much as Expected
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