In case you missed it, here’s what happened in reverse mortgage news this week:
Mortgage Originations Expect 7% Hike in 2015—The next year bodes well for mortgage originations, according to the Mortgage Bankers Association, which forecasts $1.19 trillion in originations in 2015. Refinance activity in the next year is a different story.
Investopedia: 5 Financial Alternatives to Reverse Mortgages—A reverse mortgage is no longer a tool for last resort, but it’s also not the only option for homeowners age 62 and older to convert their home equity into cash, notes Investopedia. The financial education firm offers its top-5 alternatives for consumers to consider before moving forward with a reverse mortgage.