December 13, 2012
Mr. Shaun Donovan
Secretary, U.S. Dept. of Housing and Urban Development
451 7th Street, S.W.
Washington, DC 20410

Re: Stabilizing and Strengthening the Home Equity Conversion Mortgage (HECM) Program

Dear Secretary Donovan:

Consumers Union, the advocacy and policy division of Consumer Reports (CU)(1) and California
Advocates for Nursing Home Reform (CANHR)(2) read with great interest the recent FHA’s proposals
to stabilize and strengthen the HECM program as detailed in written testimony before the Senate
Banking Committee on December 6, 2012. We would like to take this opportunity to comment on
these proposals which we understand are part of the agency’s larger initiative to restore the nation’s
housing market and to ensure the longevity of the FHA mortgage insurance programs.

For the full letter, click here.