Reverse Mortgages in the News


In The News Now

The Real Deal Magazine

FHA orders stiffer underwriting standards for reverse mortgages
Washington Post
Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say, bravo: Toughening up qualification standards — including such basics as ...
The Nation's Housing Column: FHA tightens reverse mortgage rulesNewsOK.com

all 11 news articles »


CNNMoney

Reverse mortgages: Are they worth it?
CNNMoney
Under the Department of Housing and Urban Development's Home Equity Conversion Mortgage (HECM) program — which is the program used most often by reverse mortgage lenders — a 65-year-old who owns a house worth $250,000 with no outstanding ...

and more »


Friday Round-Up: New Reverse Mortgage Guidance Presents Challenges
Reverse Mortgage Daily
New HUD Guidance Poses Challenges for Reverse Mortgage Lenders—A week after issuing a mortgagee letter spelling changes for seasoning requirements for prospective borrowers' non-reverse mortgage liens, HUD hosted a conference call with industry ...



103-Year-Old North Texas Woman Fights To Keep Her House
CBS Local
Reverse mortgages are a bet by the mortgage company that they're going to make money …and someone's going to die early,” Smith told the I-Team, adding, “In this case, Myrtle Lewis won the bet, and the mortgage company wants to welch.”.



Fox Business

How to Tell Your Kids About Your Reverse Mortgage
Fox Business
A reverse mortgage doesn't necessarily involve giving up your house -- at least, not as long as you live there. But Goetz's point is well-made: Many adult children have an emotional attachment to their childhood home or expect to receive their parent's ...

and more »


Florida Times-Union

Retirement dreams dashed as reverse-mortgage lender forecloses
Florida Times-Union
He then heard about reverse mortgages on television. “At my age, at that time, you don't have to pay anything back? That sounded pretty good,” the 78-year-old man later said. He wanted the money so he could pave a new driveway, redecorate the interior ...

and more »


ABC News

How Reverse Mortgages May Back You Into a Corner
ABC News
You've probably seen the many commercials on television where actors plug reverse mortgages. They talk generally about the benefits of this financial product, but fail to tell viewers exactly what a reverse mortgage is. Reverse mortgages are a way to ...



Bloomberg

Why Financial Advisers Still Hate Reverse Mortgages
Bloomberg
A reverse mortgage is a little like a car airbag. It's nice to know it's there. But if it ever has to be used, the driver's already in trouble. New regulations are supposed to improve the unsavory reputation of reverse mortgages, which are loans ...
NY Times: Reverse Mortgage Time is ComingReverse Mortgage Daily
Reverse mortgages poised for rebound amid troubled historyOmaha World-Herald

all 6 news articles »


Florida Times-Union

Reverse mortgages are nightmare for some in Duval County, good deal for others
Florida Times-Union
She didn't want to worry about mortgage payments, repairs or insurance. Her daughter told her about a “reverse mortgage.” It sounded ideal — a lender gives her money and pays off the mortgage. She just needed to pay insurance and taxes, and she couldn ...

and more »


HUD Details Financial Assessment With Reverse Mortgage Industry Participants
Reverse Mortgage Daily
The Department of Housing and Urban Development today expanded on and clarified items relating to the reverse mortgage financial assessment the agency released last week that will take effect March 2, 2015. The long-awaited guidance, which lenders ...

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-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