Laura Kusisto

speaker

689 appearances 14 recordings 1 series first heard Jul 2017 last heard Nov 2023

Laura Kusisto’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · HUD Plans New Restrictions on Reverse Mortgages · 31 Aug 2017 podcast

We're really at the point where the risks that the reverse mortgage poses are going to exceed the amount in that reserve fund over the next couple of years, which means Congress would have to step in. voice-verified

And why this really matters to the rest of us, those of us who aren't seniors, is, of course, because that makes it harder for FHA to lower premiums for everybody else, because they have these enormous risks that are being posed by this reverse mortgage program. voice-verified

Yeah. voice-verified

So right now, the negative economic value of the program is just under $8 billion. voice-verified

And that mandatory appropriation I told you about that they had to get from Treasury was $1.7 billion. voice-verified

So we're not playing in small numbers here. voice-verified

This program, it's a really small program, but it is a big money loser. voice-verified

So it's mixed. voice-verified

As you've gathered from this podcast, the changes are complicated. voice-verified

I have just simplified them enormously. voice-verified

They're a lot more complicated than that. voice-verified

So I think there is a sense of hesitation. voice-verified

I think there is a sense of relief. voice-verified

because some might have thought that maybe the Trump administration, given what they've talked about, about needing to take a more business-like approach, would just get rid of a program like this, right? voice-verified

It's something of a sort of social program to help seniors out, but it's a big money loser. voice-verified

So I think there's a sense of relief that they're going to keep it around. voice-verified

But a lot of questions about how these changes are going to play out doesn't mean that fewer people are able to access this program. voice-verified

And is it going to accomplish what it says it's going to accomplish? voice-verified

Is it going to reduce risk? voice-verified

Yeah, thank you. voice-verified

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