Reverse Mortgages in the News


In The News Now

Pat Robertson's Description Of How Reverse Mortgages Work Isn't Accurate
The Consumerist
As we've mentioned before, consumers contemplating taking out a costly reverse mortgage shouldn't be swayed by what they hear on television, even if the person recommending the financial product happens to be well-known. Pat Robertson isn't a financial ...



National Mortgage Professional Magazine

WATCH: Famous televangelist gives terrible reverse mortgage advice
HousingWire (blog)
The viewer, Maria, who no doubt holds Robertson in the highest esteem, asks for his advice on a reverse mortgage, “in what may be something of a first in both mortgage banking and Christian programming,” Hall writes. Hall then refers to Robertson's ...
Televangelist Pat Robertson Attempts Reverse Mortgage AdviceReverse Mortgage Daily
Tougher Reverse Mortgage Rules to Take EffectElderLawAnswers.com
Practical Money: Pros and cons of reverse mortgagesHanford Sentinel
The Inquisitr -National Mortgage Professional Magazine
all 7 news articles »


National Mortgage News

Reverse Mortgage Spouses Get Another Break, But Strings Attached
National Mortgage News
The government has added further protections to reverse mortgage borrowers' spouses who are not named in the loan agreement, but placed conditions under which they are ineligible for older protections. The rules for federally insured reverse mortgages, ...



Raw Story

Pat Robertson advises elderly woman: Reverse mortgage is 'good deal' to help ...
Raw Story
TV preacher Pat Robertson on Tuesday advised a senior citizen who was a paying member of his 700 Club teleministry that a reverse mortgage was a “good deal” if she was having trouble making ends meet. “I have been a 700 Club partner for many years,” ...



MarketWatch

After March 2, Reverse Mortgage Borrowers Will Have to Prove They Are Not ...
Huffington Post
One of the attractive features of the HECM reverse mortgage has been that there are no income or credit requirements. All homeowners 62 and older who live in their homes without a mortgage have been eligible, and those with mortgages may also be ...
[Update] Forward MIP Cuts May Cause Reverse Mortgage Processing DelaysReverse Mortgage Daily

all 21 news articles »


Most Top-10 Lenders See Reverse Mortgage Slump Near Year's End
Reverse Mortgage Daily
Following notable home equity conversion mortgage (HECM) endorsement growth in October 2014, nine out of the top-10 reverse mortgage lenders experienced a decline in volume in November, according to the latest Reverse Market Insight (RMI) report.



KELOLAND TV

New Reverse Mortgage Rules
KELOLAND TV
You've probably heard of reverse mortgages, they target elderly people in TV ads a lot. But just like everything else, when the housing bubble burst, reverse mortgages were affected as well. That's why the government is putting out new guidelines for ...
Friday Round-Up: Industry Debates Reverse Mortgage Financial Assessment ...Reverse Mortgage Daily
Peter Boutell, Lending a Hand: Big changes coming to reverse mortgagesSanta Cruz Sentinel

all 3 news articles »


Pros and Cons of Reverse Mortgages
Huffington Post
Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product -- such as pulling all their cash out at ...

and more »


Mortgage Professor: No 'Deadbeats' Under New Reverse Mortgage Rules
Reverse Mortgage Daily
The upcoming financial assessment will make reverse mortgage borrowers have to prove they're not “deadbeats,” writes The Mortgage Professor in a recent article, noting that the new rules are also tougher in some ways on those seeking a reverse mortgage ...
for consumers: Urgency to Move on Reverse Mortgage DecisionMortgage Daily

all 2 news articles »


Reverse mortgage scam targets elderly women
WGN-TV
But what he's really doing is signing them up for a reverse mortgage… where the homeowner borrows money against the value of the home and doesn't have to pay it back until he or she dies or the home is sold. “Mark Diamond is a very clever man ...

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