Reverse Mortgages in the News

In The News Now


Expensive Surprise With Reverse Mortgage
Fox Business
When I applied for a reverse mortgage in May 2013, my home was appraised at $252,000. I had a mortgage balance of about $142,963. After all of the paperwork was signed, I received $9,497. The total amount of the loan was $152,460. Within six months ...
Calif. Congressman Urges Reverse Mortgage Reforms in New ReportReverse Mortgage Daily
RIVERSIDE: Takano seeks reverse mortgage reformPress-Enterprise
Advisors Need Reverse Mortgage Knowledge, Says LenderFinancial Advisor Magazine -Mortgage Daily
all 9 news articles »

Financial Advisor: Enormous Market for Reverse Mortgages
Reverse Mortgage Daily
Reverse mortgages will become an integral part of peoples' retirement income plans, predicts a lender in a recent Financial Advisor article. Along with savings, pensions, and Social Security, home equity conversion mortgages (HECMs) will have a role as ...

Lenders Seeking Reverse Mortgage Pros—Jobs Available
Reverse Mortgage Daily
Coast to coast and everywhere in between, lenders continue their search for reverse mortgage professionals with an array of job offerings. A majority of lenders on this week's reverse mortgage jobs list are offering positions nationwide for loan ...


CFPB Identifies Most Painful Points in Mortgage Closings
Reverse Mortgage Daily
The Consumer Financial Protection Bureau (CFPB) is ready to move forward in its efforts to relieve “pain points” associated with the mortgage closing process following new research released this week. In conjunction with its Know Before You Owe ...
Consumer Financial Protection Bureau taking mortgage complaints

all 42 news articles »

When to Reject a HECM Reverse Mortgage, and When to Consider One
Huffington Post
Some seniors don't qualify for a reverse mortgage, either because they are not old enough (you must be at least 62), or because the difference between the value of their home and the balance of the existing standard mortgage on the home (their "home ...

and more »

7 things to know about reverse mortgages
The homeowner must be a homeowner 62 years of age or older, own your home outright, or have a low mortgage balance that can be paid off at closing with proceeds from the reverse loan and have the financial resources to pay ongoing property charges ...

CFPB Issues Guide to Integrated Mortgage Disclosure Forms
Reverse Mortgage Daily
... Published in CFPB, News, Reverse Mortgage. The Consumer Financial Protection Bureau on Tuesday released a guide to completing the integrated mortgage disclosure forms as a companion to another compliance guide it recently published for lenders.

Mortgage Mysteries Keep Potential Homebuyers on the Sidelines
Reverse Mortgage Daily
Misperceptions and mysteries surrounding mortgages are preventing some potential homebuyers from pursuing financing, according to a new survey. Nearly half (46%) of prospective homebuyers have not pursued the financing they would need in order to ...

Financial Advisor Column: Reverse Mortgages Worth Considering
Reverse Mortgage Daily
A reverse mortgage “evolution” is making the loans a better retirement prospect than they once were for financial advisors, writes industry publication Bank Investment Consultant in a column this week. “If you think that reverse mortgages are only for ...

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 ...
Lenders Begin Closing in on Reverse Mortgage for Purchase Texas PotentialReverse Mortgage Daily
for consumers: Understanding When to Get a Reverse MortgageMortgage Daily

all 12 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.

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

NY Times Article Causes Backlash April 21, 2014

As an example of how NRMLA responds to inaccurate reporting, the following story summarizes a controversial article published by the New York Times last month, NRMLA's response, and a follow-up piece from the Times that was more balanced.

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.