Reverse Mortgages in the News

In The News Now

ABC News

Once-Troubled Reverse Mortgages Poised for Rebound
ABC News
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions. Industry ...
ABC: Reverse Mortgages Positioned for ComebackReverse Mortgage Daily

all 50 news articles »

Walter Takes Retail Focus in New Reverse Mortgage Landscape
Reverse Mortgage Daily
Despite the near-term uncertainties arising from recent changes to the Home Equity Conversion Mortgage (HECM) program, Walter Investment Management Corp. (NYSE: WAC) is holding true to its reverse mortgage business and seeing sizable growth ...

Housing Counseling Shown to Save Americans Millions
Reverse Mortgage Daily
Housing counseling—both for reverse mortgage borrowers as well as households with traditional forward mortgages—has been very busy in recent years. In the reverse business, agencies are seeing a rising number of counseling sessions this year, as well ...

Mortgage Lead Generator Charged With Deceptive Advertising
Reverse Mortgage Daily
The Federal Trade Commission (FTC) has charged a Colorado-based mortgage lead generator with allegedly deceiving consumers with ads that falsely claimed they could refinance their mortgages for free, according to recently filed court documents.

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Health Care Cost Greatest Concern for Older Americans
Reverse Mortgage Daily
Americans age 50-plus cite health care costs in retirement as their greatest financial concern, regardless of their wealth level, according to a new study conducted by Merrill Lynch and Age Wave. Yet the vast majority of people have not factored health ...

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Researchers Dub CFPB Consumer Complaint Database Unlawful
Reverse Mortgage Daily
As the Consumer Financial Protection Bureau (CFPB) continues to solicit comments on its proposed consumer complaint narrative database, several researchers are questioning the initiative's legitimacy and authorization. Raising a number of concerns ...

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Reverse mortgage can be a useful financial tool
Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy? Reverse mortgages have gained a bad reputation over the years, but they can be a useful ...
Feds Move to Protect Some Surviving Spouses of Reverse Mortgage
Are Reverse mortgages a good idea?Idaho Press-Tribune
UFA Introduces New Jumbo Reverse Mortgage ProductNational Mortgage Professional Magazine
Marketwired (press release)
all 8 news articles »

New York Times

HUD Reverse Mortgages for Co-ops Unlikely
New York Times
A long-awaited regulatory change that would open up the federal government's reverse mortgage program to co-ops is unlikely to happen, presenting a problem for older New Yorkers. “There is a huge class of older owners who have enormous equity in their ...
Careful use of reverse mortgage can pay off in some
Financial Planners: New Rules Make Reverse Mortgages AttractiveReverse Mortgage Daily

all 7 news articles »

Open Mortgage President Releases New Book on Reverse Mortgages
Reverse Mortgage Daily
A new book written by Scott Gordon, president of Austin, Texas-based lender Open Mortgage, aims to inform prospective reverse mortgage borrowers, their children and others on a bevy of topics in efforts to alleviate the misconceptions associated with ...
Industry exec writes the book on reverse mortgagesMPA News

all 6 news articles »

Friday Round-Up: NBS Case Update, Reverse Mortgage Volume's Silver Lining
Reverse Mortgage Daily
1st Reverse Mortgage USA Launches New Sales Lead Platform—Digital, direct mail campaigns and a call center comprise the company's new sales lead generation platform, which will be used to support its retail direct and other client business channels.

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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.

Kiplinger's Personal Finance-October 2014
New Reverse Mortgage Rules Protect Younger Spouses

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

NRMLA Responds to Sandusky Article September 8, 2014

The Sandusky (OH) Register published a letter submitted by NRMLA President and CEO Peter Bell in response to one local attorney’s attempt to discredit the reverse mortgage program based on a single client’s experiences.