Reverse Mortgages in the News


In The News Now

New reverse mortgage rule lets surviving spouse stay put
Newsday
The new rule, which applies to mortgages taken after Aug. 4, protects a "non-borrowing" surviving spouse from foreclosure after the borrower's death. But she loses access to the reverse mortgage loan proceeds. As I have explained in earlier columns,.



Labor Day Round-Up: AAG to Launch New Reverse Mortgage Product
Reverse Mortgage Daily
AAG to Roll Out New Reverse Mortgage Product — Following Urban Financial of America's rollout, American Advisors Group will offer a jumbo reverse mortgage product that will be available for older borrowers whose homes are worth more than the ...



New York Times

HUD Reverse Mortgages for Co-ops Unlikely
New York Times
A long-awaited regulatory change that would open up the federal government's reverse mortgage program to co-ops is unlikely to happen, presenting a problem for older New Yorkers. “There is a huge class of older owners who have enormous equity in their ...



New York Times

Careful use of reverse mortgage can pay off in some cases
TheNewsTribune.com
“Years past, financial planners didn't view reverse mortgages as a planning tool,” says Johnson, who recently co-authored a study discussing the growing importance of reverse mortgages in retirement. “It was viewed as a last resort and they assumed ...
New Rules for Reverse MortgagesFinancial-Planning.com
Don't Expect Much From Unregulated RegulatorsHuffington Post

all 7 news articles »


Using a Reverse Mortgage to Pay Off First Mortgage
Fox Business
Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy? Reverse mortgages have gained a bad reputation over the years, but they can be a useful ...

and more »


Financial Planners: New Rules Make Reverse Mortgages Attractive
Reverse Mortgage Daily
Financial Planners should consider recommending reverse mortgages for elderly clients and for the parents of middle-aged clients, writes Financial Planning in a recent article, noting that new rule changes position the product to better protect borrowers.



Bloomberg

Bloomberg: Boomer Debt Dents Reverse Mortgage Potential
Reverse Mortgage Daily
Baby boomers have the potential to propel reverse mortgage utilization on an enormous scale, however, their effectiveness will be hampered as more members of this generation reach retirement age with growing mortgage debt, reports Bloomberg.
Boomer Wealth Dented by Mortgages Poses US RiskBloomberg
Baby boomer wealth dented by mortgagesFinance and Commerce

all 7 news articles »


Massachusetts Clarifies Face-to-Face Reverse Mortgage Counseling Rule
Reverse Mortgage Daily
In the latest development from the Massachusetts legislature, seniors who have already received reverse mortgage counseling on or prior to July 31, 2014, will not have to be re-counseled in person, despite the recent counseling updates that went into ...



Cleveland woman badgered by bank phone calls regarding her deceased ...
The Plain Dealer - cleveland.com
With reverse mortgages, consumers 62 or older can take out a loan against the equity in their home, but it doesn't have to be repaid until you no longer live in the home. Reverse mortgages are great to supplement retirement income, pay off an existing ...



Reverse mortgage: No longer a tool of last resort?
MarketWatch
The reverse mortgage has long been labeled by financial professionals as a tool of last resort. In fact, many advisers won't even consider it a viable option for their clients due to the many past situations involving reverse mortgages that had ...
Jumbo Reverse Loans Revived for U.S. Seniors: MortgagesBloomberg
Friday Round-Up: New Reverse Mortgage Targets High-Value BorrowersReverse Mortgage Daily
Reverse mortgages can be godsend for seniorsMPA News
Sydney Morning Herald (blog) -Economic Collapse News
all 14 news articles »
Up to the minute news coverage of reverse mortgages as provided by Google News Alerts. Links to television news stories and a sampling of print articles published in regional and national newspapers are provided.

News Coverage

Following is a sample listing of articles that discuss reverse mortgages.

Fort Worth Star-Telegram-July 25, 2014
New Rules on Reverse Mortgage Designed to Make Loans Safer for Elderly

The Villager Newspaper
(CO)-July 23, 2014
Boomers Seeking Ways to Fund Longevity

Denver Post-July 19, 2014
Denver a Test Market for Reverse Mortgage Rebranding

The Dallas Morning News-July 16, 2014
Reverse Mortgages Are Becoming a Financial Planning Tool

Tampa Bay Times-June 13, 2014
Reverse Mortgage is a Useful Financial Tool (Op-ed by Peter Bell, President/CEO, NRMLA)

The Palm Beach Post-June 8, 2014
New Reverse Mortgage Rule Aims to Keep Surviving in Home

The Press-Enterprise (Riverside, CA)-May 19, 2014
Forward Thinking Through Reverse Mortgages (Op-ed by Peter Bell, President/CEO, NRMLA)

The Wall Street Journal-March 22, 2014
A Kindler, Gentler Reverse Mortgage

Journal of Financial Planning-March 2014
Retirement Trends, Current Monetary Policy, and the Reverse Mortgage Market

Financial Advisor IQ-March 4, 2014
Look Who's Recommending Reverse Mortgages

Kiplinger's Retirement Report-March 2014
What Heirs Need to Know About Reverse Mortgages


The New York Times-February 13, 2014
Retiring on the House


MarketWatch-December 17, 2013
Expect Reverse Mortgages to Grow in Popularity

MarketWatch-October 9, 2013
New Rules Could Revive Reverse Mortgages

The New York Times-September 6, 2013
Tighter Rules Will Make It Harder to Get a Reverse Mortgage

The Wall Street Journal-August 16, 2013
Reverse Mortgages Can Benefit Retirees, Both Wealthy and Not

Jane Bryant Quinn, Personal Finance Commentator-August 15, 2013
A great reverse mortgage idea: Take a credit line now

The New York Times-July 12, 2013
Rules for Reverse Mortgages May Become More Restrictive

The Mortgage Professor-July 4, 2013
Using a Reverse Mortgage to Avoid Impoverishment

The Miami Herald-April 22, 2013
Aging in Place: A New Frontier in Housing


The Wall Street Journal-February 5, 2013
Reverse Mortgage Redo