A relatively recent test may make it appear that way, yet we’re not so sure that’s the case.

All reverse mortgage counselors are required by HUD to pass a licensing test that is proving extremely difficult, even for many seasoned veterans:

“The test is intentionally difficult, but we believe it needs to be so because of the vulnerable population” who seek out reverse mortgages, a HUD spokesman told the Post and Courier. HUD made the licensing exam more difficult after numerous complaints that people who were providing counseling about reverse loans were not always well-informed.

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