Reverse Mortgages in the News

In The News Now

CFPB employees outnumber FHA reverse mortgage lenders
Credit Newsline
Though the Consumer Financial Protection Bureau just got its first director, its 752 staff members far outnumber the Federal Housing Administration's 300 reverse mortgage lenders. Just one year ago, the CFPB was without leadership or authority.
Chart of the Day: CFPB Staff Outnumber Reverse Mortgage LendersReverse Mortgage Daily

all 12 news articles »

Three Mortgage Officers Sentenced to Federal Prison
Housing Predictor
By Mike Colpitts Three mortgage officers and a title agent have been sentenced to federal prison for their parts in a nationwide reverse mortgage fraud scheme that lasted nearly a year, and took advantage of dozens of senior citizens, taking in more ...

and more »

Proactive Investors Australia

Genworth Financial Sees $107 Million Fourth Quarter Profit, Strong Insurance ...
Reverse Mortgage Daily
During the quarter, the company reported an increase in corporate and other net operating loss, attributing the greater loss to goodwill associated with the company's reverse mortgage business. Genworth acquired Liberty Reverse in November 2007 for $50 ...
Genworth Financial's CEO Discusses Q4 2011 Results - Earnings Call TranscriptSeeking Alpha
Genworth Financial Announces Fourth Quarter 2011 ResultsMarketWatch (press release)

all 107 news articles »

Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make ...
Reverse Mortgage Daily
One of Puerto Rico's largest reverse mortgage lenders is expanding into the United States and plans to carve out a “niche” targeting the Hispanic population. With seven branches and 80 employees, Money House is the second largest reverse mortgage ...

and more »

Village News Network

Is a reverse mortgage the right choice?
Village News Network
A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral. If a person keeps paying the property taxes and insurance on the home, the loan does not have to be repaid until the last homeowner ...

Family Matters: My Grandma's Reverse Mortgage
Reverse Mortgage Daily
During my time reporting for Reverse Mortgage Daily, I've talked to countless brokers, lenders, counselors, and others in the industry to gain knowledge of reverse mortgages—what they are and whom they impact. Even though I've heard numerous times ...
Reverse Mortgage Workshop Coming to University Place on Feb. 15Patch.com
County workshop will explain reverse mortgagesTheNewsTribune.com (blog)

all 3 news articles »

Oregonians Make Case for Tax Deferrals and Reverse Mortgages
Reverse Mortgage Daily
Reverse mortgage borrowers in Oregon who were recently cut from the state's senior tax deferral program made a case in court this week for keeping both the ability to partake of tax deferral benefits while simultaneously having a reverse mortgage.

and more »

Advisor.ca

Chilton takes a swipe at reverse mortgages
Advisor.ca
The list of detractors of reverse mortgage has another name added to it: David Chilton, otherwise known as 'the wealthy barber', after the title of this famous book on personal finance. At a speaking engagement Thursday night in Scarborough, Ont., ...

Friday Round-Up: Money House Makes US Moves, Financial Assessment Must-Haves
Reverse Mortgage Daily
Puerto Rican reverse mortgage giant Money House said it's gearing up to take on the US One of the top lenders in Puerto Rico, Money house, with seven branches and 80 employees says it is moving stateside and is looking to acquire a lender in the United ...

Ryan Menerey Joins Reverse it!
National Mortgage Professional Magazine
Menerey is a former regional account manager for Genworth Financial with nearly a decade of collective experience in the sales and mortgage industry and several years in the reverse sector specifically. “We were looking for someone to help us as we ...
Urban Hires Former Genworth Account Exec To Wholesale DivisionReverse Mortgage Daily

all 2 news articles »

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.

AARP, The Magazine-November 2011
4 Ways to Get Cash Out of Your House

Financial Planning Magazine-November 2011
Going Into Reverse

The Washington Post-November 4, 2011
Reverse Mortgages Can Be Good Option for Seniors

Reuters-October 27, 2011
Stern Advice: Reverse Mortgages Appeal to Younger Borrowers

New England Cable News Network-October 26, 2011
Reverse Mortgage Expert on How They Can Help

The New York Times-June 24, 2011
Reverse Mortgages Here to Stay

The Macomb Daily (MI)-April 21, 2011
Research Refutes Reverse Mortgage Critics

MSN Money - March 9, 2011
A Deal That Could Save Your Parents

St. Louis Post-Dispatch - March 5, 2011
Working to Keep Seniors in Their Homes

The Chicago Sun- January 31, 2011
Understand Reverse Mortgage Options

Wall Street Journal- January 8, 2011
The Reverse Mortgage Gets a Makeover

Scripps Howard News Service - January 7, 2011
Reverse Mortgages Become Affordable

CBS Market Watch - December 17, 2010
4 Reasons Why You Should Give Reverse Mortgages Another Look

Allentown (PA) Morning Call - November 27, 2010
Seniors Tapping Homes for Cash

Associated Press - November 6, 2010
Government-Insured Reverse Mortgages
New Option for Cash-Strapped Seniors

The Baltimore Sun - October 12, 2010
Federal Government Makes Changes to Reverse Mortgages

Bloomberg Businessweek - October 7, 2010
Boomers' Shrunken 401(k)s Spark Interest in Reverse Mortgages

New York Times' Bucks Blog - October 3, 2010
Reverse Mortgage Rules to Change

New York Times - October 2, 2010
Changes on Reverse Mortgages Will Alter Fee Structure

U.S. News and World Report - October 1, 2010
The New Reverse Mortgage: 4 Things You Need to Know