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!
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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