Reverse Mortgages in the News

In The News Now

Reverse mortgage to pay off 1st mortgage?
"Years past, financial planners didn't view reverse mortgages as a planning tool," Johnson said. "It was viewed as a last resort, and they assumed that the only people that do reverse mortgages are people that are desperate. Clearly that's not the case.".
MCM Holdings Targets Wholesale Growth, Hires Sean CollinsReverse Mortgage Daily
Reverse mortgages help many seniors in retirementSandusky Register

all 5 news articles »

Kiplinger: Reverse Mortgage Non-Borrowing Spouse Rules Come With Cost
Reverse Mortgage Daily
While changes to reverse mortgage policies regarding non-borrowing spouses are meant to protect younger spouses, borrowers should be aware that age impacts the reverse mortgage payout, Kiplinger's Personal Finance says in a recent article. “The new ...

New York Times

HUD Reverse Mortgages for Co-ops Unlikely
New York Times
A long-awaited regulatory change that would open up the federal government's reverse mortgage program to co-ops is unlikely to happen, presenting a problem for older New Yorkers. “There is a huge class of older owners who have enormous equity in their ...
Careful use of reverse mortgage can pay off in some
Financial Planners: New Rules Make Reverse Mortgages AttractiveReverse Mortgage Daily
New Rules for Reverse
Huffington Post
all 7 news articles »

NY Times: FHA Reverse Mortgages for Co-ops Still Unlikely, For Now
Reverse Mortgage Daily
The likelihood of Federal Housing Administration-insured (FHA) reverse mortgages becoming available to homeowners age 62 and older living in co-ops is unlikely, at least in the near term, according to an article from The New York Times. Though FHA's ...

New reverse mortgage rule lets surviving spouse stay put
New reverse mortgage rule lets surviving spouse stay put. Updated August 28, 2014 2:28 PM By LYNN BRENNER Special to Newsday. New reverse mortgage rules protect a surviving spouse from foreclosure, but end her access to loan proceeds after the ...

Using a Reverse Mortgage to Pay Off First Mortgage
Fox Business
Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy? Reverse mortgages have gained a bad reputation over the years, but they can be a useful ...

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Reverse mortgage: No longer a tool of last resort?
The reverse mortgage has long been labeled by financial professionals as a tool of last resort. In fact, many advisers won't even consider it a viable option for their clients due to the many past situations involving reverse mortgages that had ...
Jumbo Reverse Loans Revived for U.S. Seniors: MortgagesBloomberg
Brookings: Reverse Mortgage Can Play Viable Role in RetirementReverse Mortgage Daily
The Old Woman Who Lived in a Shoe with a Reverse MortgageFlorida Times-Union (blog)
MPA News -Sydney Morning Herald (blog) -Chicago Tribune
all 14 news articles »

Labor Day Round-Up: AAG to Launch New Reverse Mortgage Product
Reverse Mortgage Daily
AAG to Roll Out New Reverse Mortgage Product — Following Urban Financial of America's rollout, American Advisors Group will offer a jumbo reverse mortgage product that will be available for older borrowers whose homes are worth more than the ...

Your Money: Pros and cons of reverse mortgage vs. home equity line of credit
The Star-Ledger
Q. I don't get it. When people own their home, wouldn't it be more advisable to get a home equity line of credit or loan than a reverse mortgage? At least a HELOC is low interest (right now) and tax deductible! If anything happens to the owner — death ...

Bloomberg: Boomer Debt Dents Reverse Mortgage Potential
Reverse Mortgage Daily
Baby boomers have the potential to propel reverse mortgage utilization on an enormous scale, however, their effectiveness will be hampered as more members of this generation reach retirement age with growing mortgage debt, reports Bloomberg.

and more »
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.

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