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News Headlines - reverse mortgage

Reverse mortgages: Do you have the answers?
These worries, combined with the desire to be financially independent while remaining in one's home, has led many to ask, “Is a reverse mortgage right for me?” The only honest answer is, “It depends.” It depends if you qualify. It depends on your goals.

Obscure Regulation Halts Reverse Mortgages, FHA Lending in Some Towns
Reverse Mortgage Daily
Thanks to the abrupt enforcement of a decades-old regulation that the Federal Housing Administration had seemingly ignored, consumers looking to buy homes or take out reverse mortgages in some 55+ communities have had their FHA loan applications ...

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Skeptical Columnist Recommends HECM Line of Credit Over HELOC
Reverse Mortgage Daily
In a nationally syndicated housing advice column, writer Benny L. Kass cautiously recommends reverse mortgage lines of credit for certain homebuyers, despite ...

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Reverse Mortgage – Everyone has an Opinion
Prime Time News
Everyone has heard a story of someone, somewhere who did a reverse mortgage years ago, but you owe it to yourself and your family to find out the truth of the rules and regulations NOW. A reverse mortgage is a financial tool that can extend the reach ...
Can a reverse mortgage stabilize a wobbly retirement-income stool?Colorado Springs Gazette

all 2 news articles »

Ocwen Reaches Deal to Emerge from Independent Monitoring in NY
Reverse Mortgage Daily
In addition, the regulatory punishment included the institution of the third-party monitor, which would lay out a series of servicing-improvement benchmarks that Ocwen needed to meet before being allowed to acquire new mortgage servicing rights. The 8 ...

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Five Essential Reverse Mortgage Comparison Resources
Reverse Mortgage Daily
It's among the most common questions a potential reverse mortgage borrower faces: Would I be better off with a Home Equity Conversion Mortgage or one of the ...

and more »

Huffington Post

Which HECM Reverse Mortgage Best Meets Your Needs?
Huffington Post
Among the challenges faced by seniors considering a HECM reverse mortgage is deciding which HECM best meets their needs. There are both fixed-rate and adjustable-rate versions, adjustable rate HECMs can adjust annually with a maximum rate increase ...
Five Essential Reverse Mortgage Comparison ResourcesReverse Mortgage Daily

all 4 news articles »

Los Angeles Times

The new reverse mortgage is safer but still expensive
Los Angeles Times
Dear Liz: If you have never written about the new reverse mortgages, please consider it. I'm nearly 90 and this Home Equity Conversion Mortgage sounds too good to be true. Is it? I've talked to a broker and a direct lender and attended a two-hour ...

'Reverse Mortgage Pros' Launch New Reverse Mortgage Guide and Website
The website 'Reverse Mortgage Pros' have launched an all-encompassing guide to reverse mortgages. Accessible free-of-charge at https://www.reversemortgagepros.ca/reverse-mortgage/, the guide has already helped a variety of homeowners from different ...

Minneapolis Star Tribune

Are reverse mortgages for you?
The Augusta Chronicle
If you have been within earshot of a television or radio in the last few years, then you have no doubt heard about reverse mortgages. While the term seems to be self-explanatory, most consumers have no idea how they work, and being uneducated is ...
Friday Round-Up: Walter's Troubles, CFPB Slams NationstarReverse Mortgage Daily
Sorrento Financial Mortgage Corporation explains reverse mortgagesValley News

all 5 news articles »
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