Reverse Mortgages in the News


In The News Now

New rules on reverse mortgage designed to make loans safer for elderly
Fort Worth Star Telegram
A reverse mortgage allows homeowners who are 62 or older to borrow against the equity in their homes without having to make payments, provided that the home remains their primary residence. Once the homeowners move or die, the loan must be paid ...



CFPB Proposes Disclosure Changes, Wants More Info on Reverse Mortgages
Reverse Mortgage Daily
In an effort it says will improve the information reporting process across the residential mortgage market, the Consumer Financial Protection Bureau today announced it is proposing changes to the Home Mortgage Disclosure Act—the rule that governs all ...
CFPB Proposes Simplifying HMDA ReportingCredit Union Times

all 6 news articles »


Reverse mortgages can be costly
wreg.com
LAMAR, Miss. — What's promoted as an easy way to get cash out of your home, may not be as simple as you think. The On Your Side Investigators have a warning about reverse mortgages. It's hard to miss the pitches. Older celebrities like Henry Winkler ...



HUD Reminds Lenders of Reverse Mortgage Changes Coming Aug. 4
Reverse Mortgage Daily
Changes to the principal limit factors (PLFs) for reverse mortgages and policies regarding non-borrowing spouse scenarios go into effect Aug. 4, the Federal Housing Administration (FHA) is reminding lenders. In April, the Department of Housing and ...



Newsday

Reverse mortgages: the basics
Newsday
Currently, an 85-year-old can borrow 63.5 percent of the appraised value of her house, says Mike Temares, a HUD-certified reverse-mortgage counselor at Nassau County Family and Children's Association, but this percentage may become smaller after Aug.



2 New Reverse Mortgage Rules For Couples
Forbes
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 »


Reverse Mortgage Lenders Seeking Top Talents—Jobs Available
Reverse Mortgage Daily
Reverse mortgage lenders continue in their efforts to attract top talent across a variety of professional expertise as they look to grow their operations. Positions for loan originators, sales executives, processors, among a slew of other listings are ...



eNewsChannels

ReverseVision Launches RM University Course on HUD Product Changes
Reverse Mortgage Daily
ReverseVision is now offering a free online course to educate reverse mortgage professionals on key program changes related to non-borrowing spouses and updates to principal limit factors (PLFs). The class, which will be offered via the software ...
Free Online Course on 2014 HUD Mortgagee Letter Changes offered by ...eNewsChannels
ReverseVision Inc. Offers Free Online Course on HUD Mortgagee Letter ...Massachusetts Newswire
ReverseVision Offers Free Online Course on HUD Mortgagee Letter Changes ...Florida Newswire

all 7 news articles »


Reverse mortgages: GV residents learn the good and the bad
Green Valley News
Celebrities have been touting reverse mortgages on television for years. Actors Henry Winkler, Robert Wagner and former Tennessee Sen. Fred Thompson all present tempting reasons a reverse mortgage is the answer for older homeowners who want ...



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 ...

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.