Reverse Mortgages in the News


In The News Now

Rochester Democrat and Chronicle

Find The Top Reverse Mortgage Companies
Investopedia
More than 23,000 homeowners took out reverse mortgages last year. But the big banks are mostly out of the reverse mortgage business, which means that if you're shopping for a reverse mortgage, you might be choosing among lenders you've never heard of ...
Lank: Reverse mortgage factsRochester Democrat and Chronicle
Mortgage: These seniors chose reverse mortgagesChron.com
Friday Round-Up: HUD Sets New Financial Assessment DateReverse Mortgage Daily
RealEstateRama (press release) -Virtual-Strategy Magazine (press release)
all 7 news articles »


Housing Expert to Congress: Reverse Mortgage Changes On Right Track
Reverse Mortgage Daily
The home equity conversion mortgage (HECM) program has seen monumental changes over the past few years, but these changes are leading the reverse mortgage down the right track, one housing leader told members of Congress on Thursday.

and more »


Proficio 'Doubling Down' on Reverse Mortgage Growth With New Hires
Reverse Mortgage Daily
Proficio Mortgage Ventures, which ranks No. 7 nationwide for reverse mortgage volume, is expanding its reverse retail division with the addition of six new team members. In doing so, the lender is “doubling down” on its commitment to grow market share.



Liza Horvath, Senior Advocate: Reverse mortgages as a financial planning tool
Monterey County Herald
Over the years, the reputation of reverse mortgages has suffered and maybe that contributed to the name change — they are now referred to as a “home equity conversion mortgage,” or HECM, for short. If you forget the acronym, just think, “What the heck ...



MetLife To Pay $123 Million For FHA Lending Violations
Reverse Mortgage Daily
MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve alleged Federal Housing Administration (FHA) mortgage lending violations, the Department of Justice recently announced. The violations did not involve reverse ...

and more »


HUD Sets New Reverse Mortgage Financial Assessment Date
Reverse Mortgage Daily
Two weeks following its recent delay earlier this month, the Department of Housing and Urban Development (HUD) today released the new effective date for the reverse mortgage Financial Assessment. Previously expected to arrive within 30 to 60 days of ...



Reverse Mortgage Lenders Compete for Top Talent—Jobs Open
Reverse Mortgage Daily
Proficio Mortgage Ventures announced the addition of six new loan officers this week, but the large reverse mortgage lender is far from alone in looking for top new talent. From underwriters to account executives and sales managers, lenders around the ...



Fort Worth Star Telegram

Reverse Mortgages: The Rewards And Risks
Forbes
The combination of those two trends makes reverse mortgages so appealing to so many people. With a reverse mortgage, a homeowner age 62 or older can turn the value of his or her home into cash, without having to make monthly payments or moving.
Borrowers should make sure they understand reverse mortgagesFort Worth Star Telegram
Weigh pros and cons of reverse mortgages for your situationChicago Tribune
California Pilot Program to Help Seniors with Reverse MortgagesNational Mortgage News

all 11 news articles »


Pittsburgh Post Gazette

As more seniors rely on reverse mortgages, troubles beckon for heirs
Pittsburgh Post Gazette
“Consumer complaints tell us that the complex terms of reverse mortgages continue to be misunderstood,” said Richard Cordray, director of the Consumer Financial Protection Bureau, which just released a report highlighting the top complaints the agency ...
CFPB Report Gains Attention from Media, Reverse LendersReverse Mortgage Daily
MPA survey reveals many pros still struggle with reverse stigmaMPA News

all 8 news articles »


HousingWire

What you should know before you take out a reverse mortgage
Washington Post
The reverse-mortgage market isn't huge — about 1 percent of all mortgages — but reverse-mortgage lenders are likely to pump up the volume in coming years as more seniors retire. For a lot of people, the only source of big money for them is the equity ...
Reverse Mortgage Complaints Show Consumers Confused By Loan TermsThe Consumerist
CFPB: 3 tips when taking a reverse mortgageHousingWire
[Updated] CFPB Report Reveals Top Reverse Mortgage ComplaintsReverse Mortgage Daily
Dallas Morning News -Mortgage News Daily -Law360 (subscription)
all 37 news articles »

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.

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

Sandusky (OH) Register-September 8, 2014
Reverse Mortgages Help Many Seniros in Retirement

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