Reverse Mortgages in the News


In The News Now

The Detroit News

Reverse mortgage comes due when borrower dies
The Detroit News
As more seniors turn to reverse mortgages, their adult children might be puzzled or concerned about what will happen to that debt when their parents die. Nearly all reverse mortgages are home equity conversion mortgages, or HECMs, which are insured by ...
Surging June Snaps Four-Month Reverse Mortgage Volume DeclineReverse Mortgage Daily
for consumers: Reverse Mortgages After Death of HomeownerMortgage Daily

all 3 news articles »


Widow's Reverse Mortgage 'Nightmare' Underscores Lifeline's Risks
NBCNews.com
Arlene Hill needed a financial lifeline. She thought a reverse mortgage would provide it. Now the 82-year-old widow is fighting to keep the home she has lived in for 45 years. Regulators have long been concerned that reverse mortgages -- a type of home ...
Reverse Mortgage Financing – Preserving Lifestyle & AssetsJewish Link of New Jersey
4th of July Round-Up: The Post-Financial Assessment LandscapeReverse Mortgage Daily
HECM Production Surges to 22-Month HighMortgage Daily

all 4 news articles »


WealthManagement.com

Is a Reverse Mortgage Right For You?
WealthManagement.com
Homeowners age 62 and older may be tempted by the offers for reverse mortgages as a solution to the financial stresses. The celebrity spokespeople seem so warm and caring and it seems like a simple solution to an overwhelming problem. While reverse ...



KIMT 3

Reverse Mortgage Ads May Sidestep Potential Pitfalls
New York Times
Confusing and inaccurate advertising about reverse mortgages persists despite recent efforts to curtail it, a new report finds, so potential borrowers should be wary. A reverse mortgage is a loan that lets older people tap the equity they have built up ...
TV ads for reverse mortgages can misleadThe Denver Post
4 Reasons Reverse Mortgages Aren't Mainstream Products—YetReverse Mortgage Daily
Approach reverse mortgages with cautionKIMT 3
McCook Daily Gazette -Moneylife
all 25 news articles »


Bankrate.com

Here's what happens to their reverse mortgage after your parents die
Bankrate.com
As more seniors turn to reverse mortgages, their adult children might well be puzzled or concerned about what will happen to that debt when one or both of their parents eventually dies. At that time, questions about how to pay off the loan will need to ...



USA TODAY

When a reverse mortgage can make sense
USA TODAY
Q: Our home has no mortgage. I am 86 and my wife is 79. Home value is about $260,000. Would we benefit from a reverse mortgage and what are disadvantages? Melvin Gatlin, Christiana, Tenn. A: Not knowing all that's needed to give a complete answer, ...



fiftyplusadvocate

Are reverse mortgages a scam?
fiftyplusadvocate
Equity Conversion Mortgages (HECM), more commonly known as reverse mortgages, were authorized by President Ronald Reagan in 1987 and are federally insured by the Department of Housing and Urban Development (HUD). Hundreds of thousands of ...
Bankrate: Paying Back a Reverse MortgageReverse Mortgage Daily

all 3 news articles »


The Columbian

Harney: Reverse mortgage trap may be fixed
The Columbian
Because like an estimated 12,000 other widows and widowers around the country, Stephens, 65, is a "surviving spouse" whose name does not appear on the reverse mortgage note. Though she and her husband, Raymond, had been assured multiple times ...
Fixing a reverse mortgage trapChicago Daily Herald

all 8 news articles »


Huffington Post

6 Reverse Mortgage Tips To Rely On When Shopping Lenders
Huffington Post
In short: educate yourself about a reverse mortgage before you borrow, and you can assure a smoother process all around that results in an educated decision. For more stories you like, visit NowItCounts.com, the new destination for Americans 50+ ...
Consumer Reports: New Reverse Mortgage Protections Help, But Ads Still LackingReverse Mortgage Daily
CFPB study finds many reverse mortgage ads are misleadingChatham Journal Weekly

all 273 news articles »


Huffington Post (blog)

6 Undeniable Benefits of a Reverse Mortgage
Huffington Post (blog)
A reverse mortgage is a feasible financial vehicle that is used by plenty of older Americans to access cash from their home's equity. We'll outline six undeniable benefits these home loans offer. For older Americans age 62 and up, they can tap into ...

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