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News Headlines - reverse mortgage

Wells Fargo Closes Book on Reverse Mortgages with Final Servicing Transfer
Reverse Mortgage Daily
Wells Fargo (NYSE: WFC) will complete the transfer of all remaining reverse mortgages in its servicing portfolio to Champion Mortgage on September 1, ending an era in the Home Equity Conversion Mortgage industry. The two parties agreed to the transfer ...

New York Times

2 Senators Question Effects of a Reverse Mortgage Proposal - The ...
New York Times
Reverse mortgages allow older people to tap the equity in their homes, but questions have arisen over whether a surviving spouse could lose the home in a ...
Senators Still Waiting on Reverse Mortgage NBS Clarification from ...Reverse Mortgage Daily

all 2 news articles »

Nationstar Mortgage Officially Rebrands as 'Mr. Cooper'
Reverse Mortgage Daily
More than a year after first internally announcing the name change, Nationstar Mortgage Holdings Inc. (NYSE: NSM) on Monday officially rebranded its operations as “Mr. Cooper.” The Coppell, Texas-based lender and servicer — which services reverse ...

and more »

13 Reverse-Mortgage Misunderstandings That Could Cost You ...
Motley Fool
Getting regular income in retirement based on the value of your home can seem like a terrific financial solution, but it could leave you on shaky ground if you ...

and more »

Answer to LIBOR Issue Written in Reverse Mortgage Notes, Questions Remain
Reverse Mortgage Daily
When British banking authorities in July announced the eventual death of LIBOR, the reverse mortgage industry was faced with the long-term task of replacing the backbone benchmark for adjustable-rate Home Equity Conversion Mortgages. While much can ...

2 senators question effects of a reverse-mortgage proposal
The Seattle Times
There is concern that a small wording change in the Trump administration's proposed budget request for the Department of Housing and Urban Development could undo some of the protections for the spouse of a borrower who takes out a reverse mortgage ...

Reverse mortgages: A word of caution - Chicago Tribune
Chicago Tribune
As house prices have increased, many older Americans may be tempted to tap the equity in their homes with a reverse mortgage, which is a loan that allows.

and more »

CBS Chicago

How Does A Reverse Mortgage Work? « CBS Chicago
CBS Chicago
(CBS) — It's a tax free source of income, but only 2 percent of seniors take advantage of it. CBS 2 Cost Cutter Dorothy Tucker shows who could benefit the most ...

and more »


Shopping Effectively for a HECM Reverse Mortgage
Seniors with well-formulated retirement objectives can use my kosher HECM reverse mortgage calculator to find the relevant decision variables for HECMs offered by up to 9 competing lenders. If they don't know what their needs are, however, the ...

Financial Assessment Continues to Reduce Reverse Mortgage Defaults
Reverse Mortgage Daily
The introduction of Financial Assessment regulations in 2015 brought new challenges to the reverse mortgage industry, instituting an extra set of steps for potential borrowers and putting a dent in origination numbers. But based on pre- and post-FA ...

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