Reverse Mortgages in the News


In The News Now

Here And Now

New Rules Make It Harder To Apply For Reverse Mortgages
Here And Now
Starting today, the Federal Housing Administration is imposing new rules that will make it harder to apply for a reverse mortgage. The loans allow home owners over 61 that have home equity to convert that into cash, but there can be a lot of problems ...

and more »


Reverse Mortgage Prices and Closing Costs: A Look at the Options
Huffington Post
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market where price data are available from many sources ...
SeniorBankServices.com Establishes New Connection with Home Loans Expert ...Benzinga

all 2 news articles »


CFPB Director: Prioritizing Reverse Mortgage Issues
Reverse Mortgage Daily
“We have produced a guide to help consumers assess the pros and cons of this product, and for those who already have a reverse mortgage, we have offered tips on how to plan ahead to avoid financial hardships that may result from certain mortgage terms ...

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MainStreet

New Reverse Mortgage Policy Leaves Widows and Widowers Homeless
MainStreet
NEW YORK (MainStreet) — Karen Hunziker was just 60 years old when her husband, Charles, secured a reverse mortgage on their Pollock Pines, Calif. home. At the time, Hunziker was advised by the mortgage broker to remove her name from the title in ...



CNBC

Would you trust the Fonz about reverse mortgages?
CNBC
Reverse mortgages are the ugly stepchildren of the home-lending industry, and not just because they get hawked by celebrity spokespeople like Henry "the Fonz" Winkler on late-night infomercials. Most financial advisors see the products as a last resort ...

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HUD Revises Reverse Mortgage Servicing Policies for Due Loans
Reverse Mortgage Daily
Via two Mortgagee Letters issued Friday, the Department of Housing and Urban Development (HUD) detailed new servicing policies for Home Equity Conversion Mortgages (HECMs) that become due starting July 1, as well as loss mitigation options in the ...



Fox Business

What Boomers Need to Know About Reverse Mortgages
Fox Business
You have been making mortgage payments most of your adult life. Maybe it's time your mortgage lender starts to pay you back. According to the National Reverse Mortgage Lenders Association, since 1990, 906,018 seniors have accessed the equity in their ...
Reverse mortgages: the last resortDelphos Herald
Friday Round-Up: Financial Assessment Upside, NewDay Fined for ViolationsReverse Mortgage Daily
Reserve Bank to crack down on reverse mortgagesStuff.co.nz

all 5 news articles »


fiftyplusadvocate

Lender Rebrands Reverse Mortgage Following Financial Assessment
Reverse Mortgage Daily
As lenders get under way with new financial assessment rules under the Department of Housing and Urban Development this week, one lender is shifting its approach to reverse mortgage originations by marketing not the “new reverse mortgage” but the ...
Reverse mortgages: If you had a magic wandfiftyplusadvocate

all 4 news articles »


A look at the options for mortgage prices and closing costs
Sunbury Daily Item
Senior homeowners looking to shop the HECM reverse mortgage market for the best price, meaning the lowest interest rate and origination fee, have a major problem. Unlike the standard mortgage market, where price data are available from many sources, ...



Tallahassee.com

New rule may make it tougher to get reverse mortgage
Macon Telegraph (blog)
Getting a reverse mortgage may sound like the answer to a homeowner's financial issues. Instead of the homeowner paying the lender every month as in a conventional mortgage, in a reverse mortgage, the lender sends a monthly check to the homeowner.
New reverse mortgage rules will protect consumersTallahassee.com
Stringent reverse mortgage rules near implementationBoston Herald
Reverse mortgage paperwork on the riseThe Real Deal Magazine (blog)
Reverse Mortgage Daily
all 92 news articles »

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.

Kiplinger's Retirement Report-March 2015
Reverse Mortgage Borrowers Face New Financial Test

The Wall Street Journal-March 6, 2015
How to Pump Up Retirement Income By As Much As 30 Percent

Houston Chronicle-March 5, 2015
Reverse Mortgage: Should You Inform Your Family About It?

Forbes-February 19, 2015
Reverse Mortgages: The Risks and Rewards

LA Times-February 18, 2015
Relief Funds to Aid Seniors Struggling With Reverse Mortgages

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

Bankrate.com-November 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