Reverse Mortgages in the News

In The News Now

Farrell: Reverse mortgages are worth another look
Minneapolis Star Tribune
Q: My husband and I are 79 years old, retired, healthy and still living in our home. We have no mortgage and no debt … and draw only the minimum required annual disbursement. These funds are used for repairs and upgrades to our home, the purchase of a ...
Cash-poor but house-rich retiree? The pros and cons of reverse mortgagesThe Globe and Mail

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Is a reverse mortgage a good retirement strategy?
Homeowners over the age of 62 who have built up a considerable amount of equity in their home—but have no plans on selling and wish to stay—could tap into their housing wealth with a reverse mortgage. This type of mortgage has become a popular way ...
Smart Money: Reverse mortgage could work as inheritance advanceBerkshire Eagle

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Cape Gazette

Friday Round-Up: The Time is Now for Reverse Mortgages
Reverse Mortgage Daily
Reverse Mortgage Program Changes Impact Americans' Retirement Security—While reverse mortgages have been touted as tools to supplement retirement income, new data shows that more than half of today's households lack enough income to maintain ...
Curious about reverse mortgages?Cape Gazette

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Reverse Mortgage Investment Trust files for a $100 million IPO
Reverse Mortgage Investment Trust, a REIT recently formed to originate, service and invest in reverse mortgage loans, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Bloomfield, NJ-based company, which was ...

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Column: Reverse Mortgages Have Their Place In Retirement Planning
Reverse Mortgage Daily
Reverse mortgages have their place, but the problem is that they're sold to people who shouldn't have them because it doesn't work for them,” Craig Smalley, a financial adviser and certified estate planner, tells MarketWatch in a recent column. “They ...

Reverse Mortgage Lenders Are Seeking New Talent for 2015
Reverse Mortgage Daily
As lenders make way for a new year ahead, many are building their teams for success in 2015. Lenders nationwide are hiring for positions from inside sales to wholesale account executives and more. Urban Financial of America, Reverse Mortgage Funding, ...

Government Spending Bill Says 'Yes' to Reverse Mortgage Counseling Funds ...
Reverse Mortgage Daily
The spending bill, which passed narrowly through the House on Thursday and under a special session of the Senate this weekend, includes $47 million in appropriations for housing counseling, which spans reverse mortgage funding, but does not specify an ...

To Avoid Outliving Your Money, Take a HECM Reverse Mortgage Before Interest ...
Huffington Post
Many seniors in retirement are concerned that they may outlive their financial assets. If they have equity in their homes, however, they can reduce or eliminate this worry. They can use the HECM reverse mortgage program to generate an income stream ... Updates Reverse Mortgage Guide with Help from CFPB
Reverse Mortgage Daily
This week, published an updated guide for consumers from the Consumer Financial Protection Bureau (CFPB), reflecting recent program changes as two key details to consider when thinking of reverse mortgages. The post, titled “Updated Reverse ...
Updated Reverse Mortgage Guide: Two Things You Should KnowPR Newswire (press release)

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Reverse Mortgage Program Changes Impact Americans' Retirement Security
Reverse Mortgage Daily
Of late, reverse mortgages have been touted as ways to supplement retirement income and offset the rising challenges retirees are facing. However, new data shows that more than half of today's households lack enough retirement income to maintain their ...
Despite Projections, Little Improvement in Retirement Security Picture Since 2010AFL-CIO (blog)

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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 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

The Economist: Retirees Must Live on Less, Work Longer, or Save More December 11, 2014

A recent article in The Economist outlines three options retirees have to thwart the rapidly approaching retirement crisis: live on less, work longer, or save more while working. Or a combination of the three.