There has been a push lately to understand the business surrounding baby boomers: what they like, what they don’t like, how they like to be addressed and identified. A recent New York Times article addresses the shift in advertising targeting the 55+ population, and reasons why major advertisers are redirecting their efforts to include this [...]

Some seniors are opting to stay in their homes and wait for their home equity to return, rather than moving on to senior living facilities, says a recent report from a Massachusetts newspaper. Several assisted living and senior housing facilities have recorded low occupancy levels due to the economic downturn and a trend in seniors [...]

In the Department of Housing and Urban Development’s most recent reply in support of HUD’s motion to dismiss a lawsuit filed by AARP against HUD, the department says it will not assume losses on an unknown number of loans for indefinite periods of time. Among other arguments, it says it does not have authority to [...]

Reverse Fortunes Weekly Podcast Episode #155 The latest podcast takes a look at the future of the reverse mortgage industry under the new Consumer Financial Protection Bureau as well as the status of legislation regarding the bureau’s power. Shannon Hicks also discusses a recent agreement formed by a credit union and Security One Lending to [...]

The Coalition for Independent Seniors and RetireSafe issued a joint statement today in response to comments by Rep. Nydia Velazquez (D-N.Y.) made in a House hearing last week which indicated an increase in reverse mortgages has led to more bankruptcies for the 55-plus population. In her comments, Rep. Velazquez said lenders have been targeting the equity [...]

The Mortgage Bankers Association sent a letter to the Department of Housing and Urban Development in earlier this month, pushing to avoid unnecessary regulatory burden with regard to new legislation. Responding to HUD’s request for comments on “Improving Regulation and Regulatory Review,” MBA notes several time-consuming and costly regulations, which it asks for HUD to revise [...]