Home prices fell 3.3% year-over-year in February, according to the latest 20-city composite Home Price Indices data from Standard & Poor’s and Case-Shiller. The 20-city composite value is essentially where it was in its April 2009 trough, according to the index and prices for the 10- and 20-city composites are lower than they were a year ago [...]

Roughly 93,000 HECM loans, or 17.2% of the Federal Housing Administration’s reverse mortgage loans outstanding, are underwater by $3.3 billion total, according to analysis released today from New York, N.Y.-based New View Advisors. The estimate is based on recent data from Department of Housing and Urban Development, which includes all HECM loans originated through January [...]

A Chicago Tribune Q&A, “New Reverse Mortgage Opens Option for Seniors,” addresses reverse mortgages as a retirement option, and cites the Saver as a new choice for seniors considering a reverse mortgage. The question poses the financial problem of many seniors who are ”brick rich and cash poor,” and cites a case of an elderly widow [...]

Reverse Fortunes Weekly Podcast Episode #151 The latest podcast takes a look at the confusion in the AARP lawsuit against HUD and updates related to loan officer compensation.  Shannon Hicks also discusses how lenders can figure out what their market share is and where there are new opportunities to expand. To listen login or become [...]

Despite some recent figures indicating home values are beginning to stabilize, new data from Radar Logic shows home prices have fallen to their lowest level since March 2003. According to the company’s RPX Composite price, the price per square foot fell to $178.12 on February 8, which is 36% below its all-time high of $278.32 per square foot [...]

Forty-four percent of baby boomers express little or no faith they’ll have enough money to retire, a recent poll says. And one in four who are still working say they’ll never retire. The Associated Press-LifeGoesStrong.com poll states that many baby boomers, while they are starting to retire, are agonizing about finances and expect they will [...]