Are you 62 or over, house poor and barely making ends meet? If so, the Department of Housing and Urban Development (HUD) claims to have the answer. It’s called a Home Equity Conversion Mortgage, or HECM. HUD regulates HECMs, or at least it says it does.
![Kotlikoff: A reverse mortgage sounds great, but there are risks](https://www.goodmaninstitute.org/wp-content/uploads/2018/10/Money.jpg)
Kotlikoff: A reverse mortgage sounds great, but there are risks
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