Reverse Mortgages in the News

In The News Now

Motley Fool

Does a Reverse Mortgage Make Sense for You?
Motley Fool
You're probably familiar with how mortgages work. You borrow money from a lender in order to buy a house, putting a certain percentage down first. The lender agrees and charges you interest and holds the house itself as collateral. With a reverse ...
Motley Fool: Does A Reverse Mortgage Make Sense?Reverse Mortgage Daily

all 3 news articles »

Reverse Mortgage Industry on the Cusp of a New Era
Reverse Mortgage Daily
After several years of program changes, the reverse mortgage industry is facing its biggest change yet: the Financial Assessment. “We are on the cusp of entering a new era of the business” said Peter Bell, president and CEO of the National Reverse ...

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Could Ocwen Be Delisted From the NYSE?
Reverse Mortgage Daily
Ocwen, the parent company of reverse mortgage lender Liberty Home Equity Solutions, recently received a deficiency letter from NYSE Regulation, Inc., indicating that the company's failure to timely file its annual report for the fiscal year ended Dec ...

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Consumer Demand Grows For Home Equity Lines of Credit
Reverse Mortgage Daily
Home equity lines of credit (HELOC) are surging in popularity among consumers, a new analysis finds. “We now have seen HELOC origination growth in each of the past 13 quarters with annual growth of nearly 22% in both 2013 and 2014,” said Shaun ...

Voice of the Consumer: Reverse mortgage homework is needed
Colorado Springs Gazette
Proponents of reverse mortgages say nothing's due until you leave your home. That's true, but no one knows exactly WHEN that will be or under WHAT CIRCUMSTANCES. If you need to move to an assisted living center, you must pay off the reverse mortgage ...
for consumers: Do Research Before Getting a Reverse MortgageMortgage Daily

all 3 news articles »

Kansas City Star

CFPB Official: Reverse Mortgage Industry Needs to 'Clean Up' Servicing
Reverse Mortgage Daily
Loan servicing problems are contributing to “rampant” consumer confusion about reverse mortgages, and federal overseers are monitoring how the industry addresses these issues, officials with the Consumer Financial Protection Bureau said Tuesday.
CFPB warns of pension
Consumer agency lets borrowers ventThe Seattle Times

all 499 news articles »

The Detroit News

Terms of reverse mortgages continue to be misunderstood
The Detroit News
A new government report shows many seniors are taking out reverse mortgages on their homes without fully understanding the ramifications, leading to foreclosures among borrowers and a tangle of problems for heirs after the borrower dies. “Consumer ...
Reverse Mortgage Advice Highlights Consumer Education ChallengeReverse Mortgage Daily

all 6 news articles »

Annapolis man tries to keep home after reverse mortgage
WBAL Baltimore
WBAL-TV 11 News first reported on Robert Bennett and his reverse mortgage back in February 2014. Now he's run into some financial complications and a neighbor has set up a GoFundMe page to try to help. Bennett, 72, is getting a little help from friends ...
People donate $13000 to keep Annapolis man in

all 4 news articles »

The Best and Worst States for Retirement
Reverse Mortgage Daily
It's easy to associate retirement with traditional hotspots like Florida and Arizona, but retiring comfortably goes simply beyond enjoying the weather. When factoring in the cost of living, crime rate, health care quality, well-being along with weather ...

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Retirement Outlook Improves Post-Recession, But Still Shaky for Many
Reverse Mortgage Daily
The number of workers age 60 or older currently delaying retirement has reached a post-recession low of 53% — down from 58% last year and 66% in 2010, according to CareerBuilder's annual retirement survey. “As household financial situations continue ...

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 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