It’s official, the reverse mortgage loan limits are now at $625,500 for the remainder of 2009.  I’ve received a bunch of questions about it, so here is a quick summary of readers questions: Q.  Will Alaska, Hawaii, Guam and the Virgin Islands operate under a single HECM loan limit of 625,500?

On February 12, 2009, two commentators on this website initiated a discussion of the appropriateness of using the word “income” to describe RM proceeds. Having waited for well over three months to opine on this issue, it seems now is the appropriate time to do so. In November 2006, a well respected and long-time reverse [...]

Grammy winning blues singer Koko Taylor is running into trouble with the Government for failing to pay $400,000 in back taxes, penalties, and interest.  The government is threatening to grab most of her income, which includes royalties, social security, and maybe her home. In May 2008, Taylor offered to use a reverse mortgage to help [...]

Earlier this week, California Assembly member Mike Feuer introduced three different bills designed to help protect seniors vulnerable to abuse in nursing homes and exploitation in the marketplace.  "Especially in this economy, we need to take every step we can to protect seniors who may be at serious risk of abuse or exploitation," said Feuer. [...]

Mark Miller is one of my favorite journalists who covers all things Baby Boomer on websites like Retirement Revised, 50+ Digital, and he also contributes to the Huffington Post.  Over the weekend, Miller wrote about how the housing crisis is hurting seniors who are unable to sell their homes when they decide to move for [...]

With all the negative job reports we continue to hear on a daily basis, we are fortunate to be in a business that continues to grow.  People with reverse mortgage experience continue to be in high demand.  Here are a few new jobs that were recently posted to Reverse Mortgage Jobs Online: Reverse Mortgage Sales [...]