Reverse Mortgages in the News

In The News Now

Kiplinger Personal Finance

Reverse Mortgage Borrowers Face New Financial Test
Kiplinger Personal Finance
Homeowners applying for a reverse mortgage will soon have to clear a new hurdle. In the spring, all borrowers will have to prove that they can handle the ongoing costs of the loan. Homeowners who don't pass the financial assessment could be denied.
Kiplinger: Reverse Mortgage 'Test' Awaits Prospective BorrowersReverse Mortgage Daily
When You Should (and Shouldn't) Get a Reverse MortgageNerdWallet (blog)

all 3 news articles »

BNY Mellon Launches Reverse Mortgage Operations
Reverse Mortgage Daily
After announcing it was getting into the reverse mortgage business last year, Bank of New York Mellon is making good on its promise to start participating in the market. Though the large, New York-based bank and investment management advisor will not ...

and more »

The Good, The Bad and the Reverse Mortgage Financial Assessment Delay
Reverse Mortgage Daily
After years of the Financial Assessment looming over the reverse mortgage industry, its delay has been met with mixed feelings—both frustration and relief. Some industry professionals welcome the delay in the regulation's implementation, which the ...

and more »

February's Reverse Mortgage Volume Dips 4%, Maverick Funding Bucks Trend
Reverse Mortgage Daily
With just two months in the books for 2015, reverse mortgage volume has dipped from its flat start to the year to a slight decline in February, according to the latest data from Reverse Market Insight (RMI). Home Equity Conversion Mortgage (HECM) ...
Reverse Mortgage Originations Off Last MonthMortgage Daily

all 2 news articles »

Rochester Democrat and Chronicle

Lank: Reverse mortgage facts
Rochester Democrat and Chronicle
In a recent column, you said: "A reverse mortgage can be an excellent plan for some elderly homeowners." Can you tell me the circumstances under which it would be an excellent plan? Hubby and I are in our early 60s and have no kids. Our house is paid off.
Housing Expert to Congress: Reverse Mortgage Changes On Right TrackReverse Mortgage Daily
Mortgage: These seniors chose reverse
FHA Sets New Date for Financial AssessmentsNational Mortgage News

all 75 news articles »

Open Mortgage Expands Retail Reverse Operations With New Hire
Reverse Mortgage Daily
As Open Mortgage continues to increase its national presence, the Austin, Texas-based retail, wholesale and correspondent lender has hired JoAnna Bignell to lead the company's recruiting efforts in the retail reverse mortgage space. “What I really want ...
Open Mortgage Names JoAnna Bignell VP of Retail Recruiting/ReverseNational Mortgage Professional Magazine

all 2 news articles »

Reverse Mortgage Daily

New Financial Assessment Date, Reverse Mortgage Program On Track
Reverse Mortgage Daily
The Department of Housing and Urban Development (HUD) last week set a new implementation date for the reverse mortgage Financial Assessment after delaying the rule earlier last month, discusses Shannon Hicks in this week's Reverse Focus podcast.
Reverse mortgages too confusing for seniorsThe Seattle Times

all 3 news articles »


What you should know before you take out a reverse mortgage
Washington Post
The reverse-mortgage market isn't huge — about 1 percent of all mortgages — but reverse-mortgage lenders are likely to pump up the volume in coming years as more seniors retire. For a lot of people, the only source of big money for them is the equity ...
Reverse Mortgage Complaints Show Consumers Confused By Loan TermsThe Consumerist
CFPB: 3 tips when taking a reverse mortgageHousingWire
[Updated] CFPB Report Reveals Top Reverse Mortgage ComplaintsReverse Mortgage Daily
Dallas Morning News -Mortgage News Daily -Palm Beach Post (blog)
all 37 news articles »

Fox Business

Seniors Explain: Why We Got a Reverse Mortgage
Fox Business
Mike Ryan liked what a reverse mortgage could give him: the ability to take equity out of the house, tax-free and with no monthly payments. But he was skeptical, too. He thought about it for two years. Then, Beth Paterson, executive vice president at ...
Open Mortgage Launches Reverse Wholesale DivisionReverse Mortgage Daily
CFPB Analysis Of Consumer Complaints On Reverse MortgagesMondaq News Alerts (registration)
CFPB reports 1200 reverse mortgage complaintsScotsman Guide News
Selected Loans -RealEstateRama (press release)
all 41 news articles »

Older Households Account For 40% of United States' Home Equity
Reverse Mortgage Daily
The majority of Americans 65 and older — four out of five — are homeowners, and few need to worry about making mortgage payments, according to a new Merrill Lynch retirement study conducted in partnership with Age Wave. The findings are based on a ...

and more »

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 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