Reverse Mortgages in the News


In The News Now

Reverse Mortgage Prices and Closing Costs: A Look at the Options
Huffington Post
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market where price data are available from many sources ...
SeniorBankServices.com Establishes New Connection with Home Loans Expert ...Benzinga

all 2 news articles »


MainStreet

New Reverse Mortgage Policy Leaves Widows and Widowers Homeless
MainStreet
NEW YORK (MainStreet) — Karen Hunziker was just 60 years old when her husband, Charles, secured a reverse mortgage on their Pollock Pines, Calif. home. At the time, Hunziker was advised by the mortgage broker to remove her name from the title in ...



Fox Business

What Boomers Need to Know About Reverse Mortgages
Fox Business
You have been making mortgage payments most of your adult life. Maybe it's time your mortgage lender starts to pay you back. According to the National Reverse Mortgage Lenders Association, since 1990, 906,018 seniors have accessed the equity in their ...
Reverse mortgages: the last resortDelphos Herald
Friday Round-Up: Financial Assessment Upside, NewDay Fined for ViolationsReverse Mortgage Daily
Reserve Bank to crack down on reverse mortgagesStuff.co.nz

all 5 news articles »


CNBC

Would you trust the Fonz about reverse mortgages?
CNBC
Reverse mortgages are the ugly stepchildren of the home-lending industry, and not just because they get hawked by celebrity spokespeople like Henry "the Fonz" Winkler on late-night infomercials. Most financial advisors see the products as a last resort ...

and more »


How Reverse Mortgage Lenders Are Using Social Media to Their Advantage
Reverse Mortgage Daily
But when reverse mortgage lenders take to online channels to reach existing and new audiences, it's imperative that companies adhere to Federal Financial Institutions Examination Council (FFIEC) guidelines. The FFIEC's final guidance defines social ...



Experts Advise Research Before Trying a Reverse Mortgage
The Ledger
Former U.S. Sen. Fred Thompson has become the public face of reverse mortgages, officially known as Home Equity Conversion Mortgages. Thompson, the former star of "Law & Order," has a high trust factor with many people, but it's important to look ...



Questions and answers: reverse mortgages
MarketWatch
Question: Can I move out of my house if I have a reverse mortgage? —A.R.. Answer: Here's what Colette Gray, a reverse mortgage specialist with the Reverse Mortgage Guide in Los Angeles had to say: The short answer is that any reverse mortgage is an ...



Tallahassee.com

New rule may make it tougher to get reverse mortgage
Macon Telegraph (blog)
Getting a reverse mortgage may sound like the answer to a homeowner's financial issues. Instead of the homeowner paying the lender every month as in a conventional mortgage, in a reverse mortgage, the lender sends a monthly check to the homeowner.
New reverse mortgage rules will protect consumersTallahassee.com
Stringent reverse mortgage rules near implementationBoston Herald
Reverse mortgage paperwork on the riseThe Real Deal Magazine (blog)
Reverse Mortgage Daily
all 92 news articles »


National Mortgage News

Impending FHA Guidelines Propel Reverse Mortgage Industry Forward
National Mortgage News
Senior borrowers will now have to prove, with more documentation and paperwork, that they can handle the ongoing property costs to qualify for a reverse mortgage. The financial assessment will be a positive change overall for the reverse mortgage ...
[Update] New Utah Reverse Mortgage Legislation May Impact CounselingReverse Mortgage Daily
Do Reverse Mortgages Deserve Their Bad Rap?Mortgage Rates & Trends (blog)

all 5 news articles »


Reverse Mortgage Player Approved to Educate NY Lawyers on HECMs
Reverse Mortgage Daily
Reverse mortgage lenders have long worked with different groups such as Realtors and financial planners toward continuing education efforts. To date, some lenders and other parties have developed classes for these potential referral partners, such as ...

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