Program Established to Help Address Hunger and Isolation Amongst Homebound Seniors Post-Pandemic
BLOOMFIELD, NJ / ACCESSWIRE / June 28, 2021 / Reverse Mortgage Funding LLC (RMF) is proud to announce its commitment to Meals on Wheels America's newly established Momentum Circle. As a donor, RMF will engage in strengthening the Meals on Wheels network and provide financial support to help homebound seniors at-risk to food insecurity and isolation. RMF is proud to join forces with Meals on Wheels America and other leading organizations to support our nation's vulnerable seniors.
Donors to the Momentum Circle pledge an annual contribution, providing Meals on Wheels America with the infrastructure, innovative research, programming and critical resources necessary to support the Meals on Wheels network.
"The senior community is a vulnerable population and too many of them experience isolation and hunger," said David Peskin, President of RMF. "RMF shares Meals on Wheels' commitment to the local communities it serves. Our local loan specialists are active community leaders and volunteers who strive to maintain long-term relationships. RMF is proud to stand with Meals on Wheels America to provide seniors across the country with nutritious meals, human connections and most of all, a sense of community."
Homebound seniors are at serious risk to food, housing and financial insecurity post-pandemic. As of November 2020, nearly 9 out of 10 (86%) local Meals on Wheels programs report there are still unmet needs in their communities. And even more troubling, 62% can't sustain their current clients without increased financial support.
"Even before COVID-19 emerged as a worldwide threat, nearly 10 million seniors in America struggled with hunger, 8 million lived in isolation and more than 7 million had incomes below the poverty line," said Kristine Templin, Chief Development Officer at Meals on Wheels America. "Now is not the time to lose momentum, so we are extremely grateful to Reverse Mortgage Funding for its commitment to help us ensure our senior neighbors are always safe, cared for and never feel alone."
For more information on Meals on Wheels America and their efforts to help vulnerable seniors please visit: www.mealsonwheelsamerica.org
ABOUT MEALS ON WHEELS AMERICA
Meals on Wheels America is the leadership organization supporting the more than 5,000 community-based programs across the country that are dedicated to addressing senior isolation and hunger. This network serves virtually every community in America and, along with more than two million staff and volunteers, delivers the nutritious meals, friendly visits and safety checks that enable America's seniors to live nourished lives with independence and dignity. By providing funding, leadership, education, research and advocacy support, Meals on Wheels America empowers its local member programs to strengthen their communities, one senior at a time. For more information, or to find a Meals on Wheels provider near you, visit www.mealsonwheelsamerica.org.
About Reverse Mortgage Funding LLC
Established in 2012, Reverse Mortgage Funding LLC (NMLS ID #1019941) is one of the nation's largest GNMA issuers of reverse mortgages and a recognized industry thought leader. RMF focuses on originating, acquiring, investing in, and managing reverse mortgage loans and securities backed by reverse mortgage loans. The company is headquartered in New Jersey, with corporate offices in New York and California and field offices throughout the U.S. RMF is a wholly owned subsidiary of Reverse Mortgage Investment Trust Inc. (RMIT), a specialty finance company in the reverse mortgage sector. In 2020, RMIT became part of the Starwood Capital Group, a global private investment firm and an innovator in non-agency mortgages, helping grow the industry into the success it is today. This relationship will afford RMF the unique ability to develop new product lines and create strategic partnerships within the Starwood family of companies.
Media Contact:
Tyler Bryant
Interdependence Public Relations
tbryant@interdependence.com
This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.
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SOURCE: Reverse Mortgage Funding, LLC
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