Reverse Mortgages in the News


In The News Now

Huffington Post

Reverse Mortgage Bill Stalling in House
Huffington Post
For those who are not familiar with the product, reverse mortgages are vehicles where seniors 62 years or older take out the equity in their home. Although there are tax and insurance implications for the mortgage holder, the money is not due until the ...

and more »


MarketWatch

Now it's tougher to get a reverse mortgage
MarketWatch
If the assessment convinces the reverse mortgage lender that you won't have the cash to make those home-related payments, you may be rejected. That's because a reverse mortgage borrower who fails to pay property taxes or homeowner's insurance could ...
Memorial Day Round-Up: Reverse Mortgages Provide Retirement SecurityReverse Mortgage Daily

all 2 news articles »


Reverse Mortgage Daily

Financial Planners Learn Reverse Mortgage Strategy, CFPB Gone Rogue?
Reverse Mortgage Daily
Has the Consumer Financial Protection Bureau (CFPB) gone rogue? In this week's Reverse Focus podcast, Shannon Hicks says some lawmakers seem to think so. Last week, one Congressman introduced new legislation that aims to bring more ...



Forbes

New Reverse Mortgage Rules Open Door To A More Secure Retirement
Forbes
There are a variety of ways to tap into one's home equity, such as downsizing, taking a traditional home equity loan, home sharing, entering into a sale leaseback arrangement, or entering into a reverse mortgage. However, each of these strategies is ...
Is a reverse mortgage right for you?LancasterOnline
Reverse Mortgage Marketers Shift Approach Following Financial AssessmentReverse Mortgage Daily
RBNZ reverse mortgage plans on iceInterest.co.nz

all 8 news articles »


New York Times

Reverse Mortgages, Family Style
New York Times
Called a caregiver mortgage by its creator, National Family Mortgage of Belmont, Mass., this new loan product is essentially a private, less regulated version of a reverse mortgage. Family members get together to crowd fund a line of credit against the ...
Why small home mortgage loans are hard to findChicago Daily Herald

all 7 news articles »


MarketWatch: It's Now Tougher to Get a Reverse Mortgage
Reverse Mortgage Daily
Originally published by Next Avenue, the article explores the onset of the Financial Assessment and what it means for prospective reverse mortgage borrowers today, particularly highlighting the qualification criteria borrowers are now subjected to ...



Boston College: Americans Are Shortsighted When It Comes to Finances
Reverse Mortgage Daily
... day-to-day problems such as difficulty covering expenses, heavy current debt burdens, unemployment and inability to access $2,000; and distant problems such as having no medical or life insurance, no retirement plan, mortgage underwater and others.

and more »


Nationwide Equities Appoints Parziale New Chief Operating Officer
Reverse Mortgage Daily
Reverse mortgage lender Nationwide Equities, based in Mahwah, N.J. has announced the appointment of Philip Parziale as the company's new chief of operations. Parziale has led the company's compliance department since 2010 and brings his legal ...



7 Reverse Mortgage Financial Assessment Tips for Originators
Reverse Mortgage Daily
The reverse mortgage financial assessment, by now, is old news. With its implementation date nearly a month in the past, originators have had even more months to train and prepare for the new rule. As was expected, the assessment is adding time into ...



Forbes

It Just Got Tougher To Get A Reverse Mortgage
Forbes
Reverse mortgages are FHA-insured loans available to homeowners age 62 or older that let the borrowers convert their home equity to cash without making monthly payments; they're repaid when the borrower sells the home, moves or dies. A 65-year-old ...
Reverse mortgage now comes with stricter underwriting processChicago Tribune
Reverse Mortgage Lenders Seek Star Talent — Apply TodayReverse Mortgage Daily

all 39 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