Reverse Mortgages in the News


In The News Now

Personal Finance: Should you get a reverse mortgage?
USA TODAY
Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND: I am 73 and would like to do a reverse mortgage. I owe $940,000, and the property is valued at $1.65 million. What can I do? — Larry Amon, Naples, Fla. Sadly ...
USA Today: Outstanding Debt Trumps Benefits of Reverse MortgageReverse Mortgage Daily

all 2 news articles »


Financial Planning Giant Launches Senior-Specifc Advisor Training
Reverse Mortgage Daily
Raymond James Financial (NYSE:RJF) has announced the launch of a new retirement planning initiative that will help its advisors apply key concepts drawn from the Massachusetts Institute of Technology's AgeLab, the company says. With longer lifespans ...

and more »


Myths & misconceptions about the reverse mortgage
WAVY-TV
PORTSMOUTH, Va. (WAVY) – You may have heard about how a reverse mortgage can help senior homeowners live more financially secure, but a reverse mortgage can also be used for other reasons. Brad Friedman, Reverse Director for ...



2 New Reverse Mortgage Rules For Couples
Forbes
Reverse mortgages (home loans for people 62 and older that let them convert home equity into cash) can be a useful way for homeowners to receive extra income in retirement; the loan must be repaid when the borrower dies, moves or sells the home.
Denver a test market for reverse mortgage rebrandingThe Denver Post
Friday Round Up: Reverse Mortgage Marketing No-Nos, REIT Raises $230MMReverse Mortgage Daily

all 3 news articles »


Newsday

Reverse mortgages: the basics
Newsday
Currently, an 85-year-old can borrow 63.5 percent of the appraised value of her house, says Mike Temares, a HUD-certified reverse-mortgage counselor at Nassau County Family and Children's Association, but this percentage may become smaller after Aug.



New rules on reverse mortgage designed to make loans safer for elderly
Fort Worth Star Telegram
A reverse mortgage allows homeowners who are 62 or older to borrow against the equity in their homes without having to make payments, provided that the home remains their primary residence. Once the homeowners move or die, the loan must be paid ...



CFPB Collects $92 Million For Lending Scheme Victims
Reverse Mortgage Daily
The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general obtained $92 million in debt relief for servicemembers and other consumers harmed by a lending scheme that allegedly targeted military base communities. THE CFPB has ...

and more »


Young Adults Surpass Seniors for Multi-Gen Household Growth
Reverse Mortgage Daily
Having grandma or grandpa move into the family house may be less of a possibility today than in recent years, especially as young adults—not seniors—are driving growth in multi-generational households, new research suggests. A record 57 million ...



Reverse mortgages are becoming a financial planning tool
Statesman Journal
A. Historically, reverse mortgages have had two major drawbacks. First, they were relatively expensive in closing costs, insurance cost and interest rate. Second, most of the people who took them out shouldn't have. Recent reforms have reduced the ...



Retail Still Outperforming Wholesale in Reverse Mortgage Volume
Reverse Mortgage Daily
Reverse mortgage retail volume continues to outperform the wholesale/broker industry, showing a 12.2% increase in May for the retail side, while wholesale/broker volume saw just a 2% rise, the latest Reverse Market Insight (RMI) report shows. Total ...

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