Reverse Mortgages in the News

In The News Now

How Reverse Mortgages Work in 2014
Huffington Post
A reverse mortgage is a loan that allows senior homeowners to borrow money against the equity in their house. The loan doesn't have to be repaid until the homeowner dies, sells the house or moves out for at least 12 months. It's also important to know ...

A Guide to Reverse Mortgages
U.S. News & World Report (blog)
In recent years, questions about reverse mortgages, and whether or not they are a practical way to supplement retirement income, have become more frequent. I will explain the specifics of reverse mortgages in more detail for those who aren't familiar ...
Reverse Mortgage Jobs Available Nationwide—Apply TodayReverse Mortgage Daily
When you should - and shouldn't - seek a reverse mortgageGazetteNET

all 8 news articles »

Reverse Mortgage Realities
New York Times
Adult children have reason to be wary when their parents start talking about reverse mortgages. The loans make sense only for those who plan to stay in their homes for the rest of their lives and can afford to pay property taxes and insurance for that ...
Reverse Mortgage Lenders Seeking LOs, Consultants and More—Jobs AvailableReverse Mortgage Daily

all 3 news articles »

Lenders Adapt Following Ginnie Mae Ruling on New Products
Reverse Mortgage Daily
Following a notice published by Ginnie Mae earlier this month indicating the organization would no longer allow securitization of variant fixed-rate reverse mortgage loans, lenders are adapting to the news. On April 1, the Government National Mortgage ...

Number of Underwater Homes Drops to Lowest Level in 2 Years
Reverse Mortgage Daily
The number of underwater properties in the U.S. dropped to its lowest level in two years in the first quarter of 2014, according to housing data source RealtyTrac. Negative equity numbers fell to 17% of all properties with a mortgage, or 9.1 million ...

and more »

In brief: Reverse-mortgage seminar, mental-health conference coming up
Poughkeepsie Journal
NEW PALTZ — The Pines at Poughkeepsie will sponsor a free seminar focused on the rapidly changing terms and guidelines associated with government-sponsored reverse mortgages from noon to 1:30 p.m. April 24 in the lobby. There will be light ...

New York Times

Pitfalls of Reverse Mortgages May Pass to Borrower's Heirs
New York Times
Similar scenes are being played out throughout an aging America, where the children of elderly borrowers are learning that their parents' reverse mortgages are now threatening their own inheritances. Reverse mortgages, which allow homeowners 62 and ...
Heirs of reverse mortgage holders may inherit the pitfalls, tooBoston Globe
Despite Regulations, Survivors Face Foreclosures After Reverse Mortgage ...The Consumerist
NY Times: Reverse Mortgage Heirs Face PitfallsReverse Mortgage Daily
McCook Daily Gazette
all 16 news articles »

Home Equity Loan Demand to Rise Along with Rates
Reverse Mortgage Daily
There are three typical avenues homeowners can take if they want to increase the utility they receive from their houses: sell the existing home and buy a bigger one; refinance their mortgage and get a “cash out” to do home improvements; or get a home ...

Huffington Post: Reverse Mortgages Come With New Restrictions
Reverse Mortgage Daily
But while the Savvy Senior points to some recent changes that are reshaping the reverse mortgage market, he may be a bit misinformed as he writes that reverse mortgages are more difficult to obtain due to a more stringent financial assessment. While ...

New York Passes First-Ever Licensing Requirement for Title Agents
Reverse Mortgage Daily
For the first time, New York will join 47 other states in requiring its title insurance agents to obtain licensing and undergo minimum qualification standards. Included as part of Governor Andrew Cuomo's (D-NY) budget for 2014-2015, the licensing ...

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.

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

Philadelphia Weekly-November 5, 2012
Are Distorted Media Reports Scaring Seniors Away From Reverse Mortgages

The New York Times-November 2, 2012
Reverse Mortgages: The Industry Responds (Letter to the Editor submitted by NRMLA)

Knowledge Wharton Today-October 23, 2012
What's Right with Reverse Mortgages

MarketWatch-August 7, 2012
Reversing the Negative View of Reverse Mortgages

Closing Bell (CNBC)-June 22, 2012
Reverse Mortgage: Retirement Risk?

Wall Street Journal-June 11, 2012
Counting on an Inheritance? County Again

Southeast Missourian-June 4, 2012
Reverse Mortgages Are One Source of Income After Retirement

Austin American-Statesman-June 2, 2012
Reverse Mortgages Become Planning Tool

Planners Warming to HECMs March 10, 2014

Reverse mortgages should not be viewed as a product solely for retirees in dire straits, rather financial planners should examine every aspect of income when advising clients, including home equity, according to an article in Financial Advisor IQ.

All materials copyrighted © 2014 National Reverse Mortgage Lenders Association.