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News Headlines - reverse mortgage

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Top 10 Reverse Mortgage Stories of 2017
Reverse Mortgage Daily
The past year may well go down as one of the most transformative in the reverse mortgage industry since the program began in the late 1980s. The Department of Housing and Urban Development rolled out a series of sweeping changes to the Home Equity ...

The Dough Roller

FHA Reverse Mortgages (HECMs) for Seniors - Doughroller.net
The Dough Roller
An FHA reverse mortgage offers can help retirees tap the equity in their homes without selling. FHA also offers consumer protections. Here are the details.
5 Best Practices for Using Housing Wealth in Retirement ...Investopedia (blog)

all 2 news articles »

Crisis in reverse mortgages? Some say yes
Seattle Times
Reverse mortgages, familiar to most people through TV ads with celebrities such as Selleck or parodies by late-night comics, were created in the late 1980s as a way to let seniors 62 and older tap equity in their homes without moving out of them — to ...

Many Consumers Wary of Reverse Mortgages, But Willing to Learn
Reverse Mortgage Daily
The National Council on Aging shook up the reverse mortgage industry earlier this year with a study showing that consumers were turned off by the name of the products. But according to a lead NCOA researcher, the results also proved that consumers are ...

Five Reverse Mortgage Marketing Strategies for 2018
Reverse Mortgage Daily
With new reverse mortgage principal limits potentially bringing a significant drop in demand among prospective borrowers, the marketplace is set to become more competitive in 2018. And as the new year approaches, lenders and independent originators may ...

Nearly One-Fifth of Seniors Don't Know What a Reverse Mortgage Is ...
Reverse Mortgage Daily
Just under 20% of seniors who responded to a recent survey were unaware of reverse mortgages — despite showing an overwhelming desire to stay in their homes and potentially make renovations into old age.

and more »

Daily Signal

Undoing the Federal Government's Reverse Mortgage Fiasco
Daily Signal
Indeed, amid the multitrillion-dollar maze of federal insurance and guarantee programs lies the Federal Housing Administration Home Equity Conversion Mortgage program—an insurance program providing loss coverage on reverse-mortgage originations backed ...

Palm Beach Post

Reverse mortgages: Evict woman, 92, over 27¢? Why some see crisis
Palm Beach Post
Foreclosures in reverse mortgages climbed to more than 3600 a month last year, up from less than 500 a month in prior years.
Calls intensify to separate reverse mortgages from FHA fund ...National Mortgage News
Santa Clarita Reverse Mortgage Specialist Explains Process in 3 ...KHTS Radio
News From NAMB: November 22, 2017National Mortgage Professional Magazine (blog)

all 4 news articles »

National Mortgage News

Opinion FHA borrowers pay a steep price to keep reverse mortgage program afloat
National Mortgage News
The fundamental conclusion of the Fiscal Year 2017 Actuarial Review is that the financial problems of the FHA Home Equity Conversion Mortgage program keep getting worse. Exacerbating this problem is its impact on millions of homeowners in FHA's ...
Peter Boutell, Lending a Hand: What you need to know about reverse mortgagesSanta Cruz Sentinel

all 14 news articles »

New York Times

The Next Crisis for Puerto Rico: A Crush of Foreclosures
New York Times
If normal patterns held, that would be bad news for the investment firms that gambled on Puerto Rico's housing market. But normal patterns don't necessarily apply here, given that some mortgages are guaranteed by a federal insurance fund. Consider ...
Republicans 'turned their back' on Puerto Rico with tax bill, island governor saysNBCNews.com

all 58 news articles »
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