Reverse Mortgages in the News


In The News Now

CNBC

Is a reverse mortgage a friend or foe?
CNBC
Your nest egg is small. Your retirement income is limited. And you're sitting on a highly appreciated asset—your home. A reverse mortgage, which lets you convert some of that equity into cash, might just solve the problem. Depending on your health and ...
5 Ways Reverse Mortgages Can Serve as Retirement Planning ToolsReverse Mortgage Daily
Senior Bank Services Discusses New HECM Reverse Mortgage FiguresPR Web (press release)

all 7 news articles »


MarketWatch

Now it's tougher to get a reverse mortgage
MarketWatch
Reverse mortgages are FHA-insured loans available to homeowners age 62 or older that let the borrowers convert their home equity to cash without making monthly payments; they're repaid when the borrower sells the home, moves or dies. A 65-year-old ...
Memorial Day Round-Up: Reverse Mortgages Provide Retirement SecurityReverse Mortgage Daily

all 2 news articles »


Huffington Post

Reverse Mortgage Bill Stalling in House
Huffington Post
For those who are not familiar with the product, reverse mortgages are vehicles where seniors 62 years or older take out the equity in their home. Although there are tax and insurance implications for the mortgage holder, the money is not due until the ...

and more »


Moody's Outlook On Reverse Mortgages Changes With New Rating System
Reverse Mortgage Daily
Moody's Investors Service is taking a new approach to rating home equity conversion mortgages (HECMs) in line with recent actions taken on $4.5 billion of reverse mortgage bonds issued between 2005 and 2008. Moody's has downgraded 13 securities from ...
Moody's downgrades one note in UK reverse mortgage transaction Millshaw ...Moodys.com (press release) (subscription)

all 3 news articles »


Fitch Reviews Reverse Mortgage RMBS Transactions
Business Wire (press release)
NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms 12 classes and downgrades two classes in nine Reverse Mortgage RMBS transactions. The reviewed transactions were issued between 2005 and 2007. In addition, Fitch also affirmed four classes from ...

and more »


Forbes

New Reverse Mortgage Rules Open Door To A More Secure Retirement
Forbes
There are a variety of ways to tap into one's home equity, such as downsizing, taking a traditional home equity loan, home sharing, entering into a sale leaseback arrangement, or entering into a reverse mortgage. However, each of these strategies is ...
Is a reverse mortgage right for you?LancasterOnline
Reverse Mortgage Marketers Shift Approach Following Financial AssessmentReverse Mortgage Daily
RBNZ kicks plans to develop specific bank capital requirements for reverse ...Interest.co.nz

all 8 news articles »


New York Times

Reverse Mortgages, Family Style
New York Times
Called a caregiver mortgage by its creator, National Family Mortgage of Belmont, Mass., this new loan product is essentially a private, less regulated version of a reverse mortgage. Family members get together to crowd fund a line of credit against the ...
Why small home mortgage loans are hard to findChicago Daily Herald

all 7 news articles »


Illinois Reverse Mortgage Bill Stalls Following Senate Passage
Reverse Mortgage Daily
A proposed bill that would create more protections for reverse mortgage borrowers in Illinois appears to have stalled in the state legislature following a Senate passage just weeks ago. The Reverse Mortgage Act, or SB1281, passed through the Illinois ...



Congresswoman Wants More Relief for Reverse Mortgage Non-Borrowing ...
Reverse Mortgage Daily
She argues that by factoring in the age of the youngest borrower in determining reverse mortgage payouts created a “perverse incentive on the part of lenders to encourage couples applying for a HECM loan to remove the younger spouse from the home's ...



iReverse Expands, Welcomes Reverse Mortgage Veteran
Reverse Mortgage Daily
Strickler has specialized in helping seniors navigate the reverse mortgage application process since 2003. Based out of the Valley Center branch, Strickler will service seniors throughout southern California. However, she is authorized to assist ...

As a result of the reforms enacted by FHA beginning in September 2013 to protect non-borrowing spouses and ensure the long-term stability of the HECM program, much of the press coverage has been positive in 2014. In this section, we have provided links to some of the more favorable stories published in regional and national newspapers during the past year.

Kiplinger's Retirement Report-March 2015
Reverse Mortgage Borrowers Face New Financial Test

The Wall Street Journal-March 6, 2015
How to Pump Up Retirement Income By As Much As 30 Percent

Houston Chronicle-March 5, 2015
Reverse Mortgage: Should You Inform Your Family About It?

Forbes-February 19, 2015
Reverse Mortgages: The Risks and Rewards

LA Times-February 18, 2015
Relief Funds to Aid Seniors Struggling With Reverse Mortgages

The Wall Street Journal
-December 1, 2014
The Case for Reverse Mortgages

Kiplinger's Personal Finance-December 2014
Reverse Mortgages For New Home Buyers

LA Times-November 27, 2014
Understanding the Pitfalls of Reverse Mortgages

Bankrate.com-November 2014
Why These Seniors Got Reverse Mortgages

Huffington Post-October 9, 2014
When Even Wealthy Homeowners are Using Reverse Mortgages, the Question Is, Why Aren't You?

The Wall Street Journal-September 22, 2014
When the Client Educate the Advisor

Los Angeles Times- September 21, 2014
Many Seniors Trying to Retire With a Mortgage

The Washington Post-September 20, 2014
Reverse Mortgages No Fast Ticket to Retirement East Street

The New York Times-September 19, 2014
Parents, the Children Will Be Fine. Spend Their Inheritance. Now.

Associated Press/ABC News-September 15, 2014
Once Troubled Reverse Mortgages Poised for Rebound

Kiplinger's Personal Finance-October 2014
New Reverse Mortgage Rules Protect Younger Spouses