Reverse Mortgages in the News

In The News Now


Is a reverse mortgage a good retirement strategy?
Cliff N. Goldstein is a member of the personal finance team at NerdWallet, an unbiased source of tools and information aimed at helping consumers make smarter financial decisions. He previously worked as a financial investment professional in the ...
Smart Money: Reverse mortgage could work as inheritance advanceBerkshire Eagle

all 3 news articles »

Reverse Mortgage Lenders Are Seeking New Talent for 2015
Reverse Mortgage Daily
As lenders make way for a new year ahead, many are building their teams for success in 2015. Lenders nationwide are hiring for positions from inside sales to wholesale account executives and more. Urban Financial of America, Reverse Mortgage Funding, ...

Business Insider

Lenders Forecast Modest Housing Growth in 2015
Reverse Mortgage Daily
Despite fewer lenders reporting tighter credit requirements, weak consumer demand continues to impact lenders' decreased profit margin outlook, according to results from the most recent Fannie Mae survey on mortgage lender sentiment. Conducted in ...
Borrowing Bad: Risky New Mortgage Rules Could Take Us Back to 2008The Fiscal Times
Fannie Mae Forecasts Economic Growth in 2015 Despite Ending Year On a Low
Economic Growth Ends Year With a Slower Q4, but Poised to Strengthen in 2015PR Newswire (press release)

all 122 news articles »

Government Spending Bill Says 'Yes' to Reverse Mortgage Counseling Funds ...
Reverse Mortgage Daily
The spending bill, which passed narrowly through the House on Thursday and under a special session of the Senate this weekend, includes $47 million in appropriations for housing counseling, which spans reverse mortgage funding, but does not specify an ... Updates Reverse Mortgage Guide with Help from CFPB
Reverse Mortgage Daily
This week, published an updated guide for consumers from the Consumer Financial Protection Bureau (CFPB), reflecting recent program changes as two key details to consider when thinking of reverse mortgages. The post, titled “Updated Reverse ...
Updated Reverse Mortgage Guide: Two Things You Should KnowPR Newswire (press release)

all 4 news articles »

Bloomberg: More Trouble for Ocwen?
Reverse Mortgage Daily
Ocwen Financial Corp. (NYSE: OCN) has taken center stage this year for several federal probes into its mortgage servicing practices. And the woes continue, as the company is now being examined over claims that it has stalled home sales by underwater ...

and more »

To Avoid Outliving Your Money, Take a HECM Reverse Mortgage Before Interest ...
Huffington Post
Many seniors in retirement are concerned that they may outlive their financial assets. If they have equity in their homes, however, they can reduce or eliminate this worry. They can use the HECM reverse mortgage program to generate an income stream ...

NeighborWorks Names New President and CEO
Reverse Mortgage Daily
NeighborWorks America, the administrator of housing counseling training in the United States, has named Paul Weech as its new president and CEO. Weech will assume the position of Acting President and Chairman Chuck Wehrwein, who will resume his ...

Reverse Mortgage Program Changes Impact Americans' Retirement Security
Reverse Mortgage Daily
Of late, reverse mortgages have been touted as ways to supplement retirement income and offset the rising challenges retirees are facing. However, new data shows that more than half of today's households lack enough retirement income to maintain their ...

and more »

Column: Reverse Mortgages Have Their Place In Retirement Planning
Reverse Mortgage Daily
Reverse mortgages have their place, but the problem is that they're sold to people who shouldn't have them because it doesn't work for them,” Craig Smalley, a financial adviser and certified estate planner, tells MarketWatch in a recent column. “They ...

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

The Economist: Retirees Must Live on Less, Work Longer, or Save More December 11, 2014

A recent article in The Economist outlines three options retirees have to thwart the rapidly approaching retirement crisis: live on less, work longer, or save more while working. Or a combination of the three.