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News Headlines - reverse mortgage

Can you shop for the best deal on a HECM reverse mortgage?
Chicago Daily Herald
Can you shop for the best deal on a HECM reverse mortgage? You can if you know exactly what you want, and exactly where to find it. This article is designed to ...
Friday Round-Up: Asking HUD to Update H4P, Best Rate's New SiteReverse Mortgage Daily

all 2 news articles »

Chicago Tribune

Chicago businessman pleads not guilty in $7 million reverse ...
Chicago Tribune
A Chicago businessman has pleaded not guilty in federal court to charges he swindled elderly homeowners in a $7 million reverse-mortgage scheme.

and more »

Motley Fool

Should You Get a Reverse Mortgage? -- The Motley Fool
Motley Fool
A reverse mortgage isn't right for everyone and it does have some drawbacks, but for certain people, it can be a solid solution to retirement income needs.

and more »

Seattle Times

A reverse mortgage sounds great, but there are risks | The Seattle ...
Seattle Times
HUD fails to mention a clear-cut and, to me, far safer way, at least for older people, to tap home equity.
JACK GUTTENTAG: Shopping for the best HECM Reverse ...Sarasota Herald-Tribune

all 2 news articles »

Los Angeles Times

Why a reverse mortgage might be a good idea for some older homeowners
Los Angeles Times
Dear Liz: I recently retired to a small house I bought 30 years ago. I refinanced four times to get the rate down from 11% to 3.5%. This provided me with a low monthly mortgage (just under $450), but my current 30-year loan won't be paid off until I'm ...

Reverse Mortgage Primer; LO Jobs and Products
Mortgage News Daily
Given that 10,000 people a day are turning 62 (the minimum age to take out a reverse mortgage), plenty of "forward" lenders are looking at the channel, or are fostering divisions to capture the business & revenue. Reverse mortgages are a "costly ...

Reverse Mortgages: A Personal Story
I have long been a fan of reverse mortgages — if they are done in the right circumstances and for the right reasons. Regular readers of this column know I always put my money where my mouth is. And in the case of reverse mortgages, I want to give you ...


Can You Shop For the Best Deal on a HECM Reverse Mortgage?
Step 1 is to rid yourself of the notion that in shopping for a reverse mortgage, the target shopping variables are the interest rate and upfront lender fees. We have all been conditioned to think that way by our experience in the standard mortgage market.

Reverse mortgages: A personal look - Chicago Tribune
Chicago Tribune
I have long been a fan of reverse mortgages -- if they are done in the right circumstances and for the right reasons. Regular readers of this column know I.
Holiday Weekend Round-Up: Trump to Dump HECM CapReverse Mortgage Daily

all 2 news articles »

Chicago Man Charged In $10M Reverse Mortgage Plot
Law360 (subscription)
Mark Steven Diamond, 60, is charged with seven counts of wire fraud for allegedly using reverse mortgages to strip equity out of the homes of elderly Chicagoans living on the city's West Side. Prosecutors say Diamond defrauded at least 122 people ...

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