Reverse Mortgages in the News

In The News Now


Reverse mortgages: the basics
First of two parts. I'm 89 and my wife is 85. We're on a fixed income and find it very difficult to pay our bills, even though we're very frugal. We've been married 67 years. Is it a good idea to get a reverse mortgage on our home of 50 years? It ...

Reverse Mortgage Lender Sees Expansion Opportunity In Wake of Market ...
Reverse Mortgage Daily
Reverse mortgage lender 1st Financial has launched an expansion into several new states, and is marking growth through new hires nationwide in light of market challenges that are reshaping how some lenders do business. The company, a division of ...

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2 New Reverse Mortgage Rules For Couples
Reverse mortgages (home loans for people 62 and older that let them convert home equity into cash) can be a useful way for homeowners to receive extra income in retirement; the loan must be repaid when the borrower dies, moves or sells the home.
Denver a test market for reverse mortgage rebrandingThe Denver Post
Friday Round Up: Reverse Mortgage Marketing No-Nos, REIT Raises $230MMReverse Mortgage Daily

all 3 news articles »

Column: Reverse Mortgage a Good Option if Borrower Isn't 'Dead Broke'
Reverse Mortgage Daily
For healthy and financially stable adults, reverse mortgages can be an effective retirement planning tool, writes syndicated columnist Scott Burns. Reverse mortgages have undergone a variety of program changes, reducing costs and limiting the amount of ...

Small Banks Take Issue with CFPB Over Qualified Mortgage Rules
Reverse Mortgage Daily
The Independent Community Bankers of America (ICBA) says the CFPB should revise the current ability-to-repay/qualified mortgage (QM) rules and escrow requirements for higher-priced mortgage loans to allow community bank loans held in portfolio for the ...

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54% of Americans See Ease in Attaining Home Mortgage
Reverse Mortgage Daily
Americans' attitudes about the ease in which they could secure a home mortgage in June matches the all-time high at 54%, the latest Fannie Mae National Housing Survey finds. However, Americans also believe mortgage rates will increase in the coming ...

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A New Challenge to the HECM Reverse Mortgage Program
Huffington Post
The HECM reverse mortgage program, which allows older homeowners to convert some or all of the equity in their homes into cash, ought to be a major policy tool for dealing with the crisis. It is a well-designed program that allows seniors to draw funds ...

Reverse mortgage company Urban Financial of America comes to Hawaii
Pacific Business News (Honolulu)
Reverse mortgage lender Urban Financial of America, LLC, based in Tulsa, Oklahoma, has entered the Hawaii market and is now licensed to conduct its retail and wholesale reverse mortgage business in the state. Reverse mortgages allow homeowners age ...

Urban Financial Expands Reverse Mortgage Footprint to Hawaii
Reverse Mortgage Daily
Urban Financial of America (UFA) is now licensed to offer its retail and wholesale reverse mortgage businesses to include the state of Hawaii, the company announced Monday. Both reverse and traditional forward mortgage companies licensed in Hawaii can ...
Updated Reverse Mortgage Rules for Couples Take Effect August 4USFinancePost
Urban Financial of America Now Offers Reverse Mortgages in HawaiiGlobeNewswire (press release)

all 10 news articles »

Reverse mortgages have advanced
The Seattle Times
The problems with reverse mortgages came about because they were often given to people who had no other assets, were in debt, and really needed to rethink their shelter needs rather than borrow. The result was that borrowers would take out the maximum ...

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.

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

Positive Press Surges in June July 18, 2014

Driven largely by positive stories about HUD’s mortgagee letters addressing non-borrowing spouses and unacceptable advertising as well as by bloggers, the press results for June are the most positive since we began auditing last August.