Home Prices Rise with a Vengeance, Baby “Bummers” Risk Financial Drain

ReverseFocusReverse Focus Weekly Podcast Episode #273

In this week’s Reverse Focus podcast, Shannon Hicks discusses that as home prices continue to climb, they are “returning with a vengeance,” according to the latest data from S&P/Case Shiller Home Price Indices, which revealed both monthly and yearly gains in the top-20 cities nationwide.

Also discussed, as regulators plan to merge the Standard and Saver reverse mortgage products, upcoming program changes could mean less money available for borrowers, but also a reduction in the default rate under the program. 

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Recently, the National Reverse Mortgage Lenders Association issued a reminder of reverse mortgage counseling safeguards and protocols to all HUD-approved counseling agencies, timing its release with the influx of counselees that are expected to arise as a result of upcoming program changes. 

Lastly, baby boomers may earn a new nickname as the “Baby Bummer” Generation, according to a new report from Bank of America Merrill Lynch, which states that even with a reverse mortgage, boomers still risk running out of money during retirement.

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Talking Points:

  • Home prices return “with a vengeance”
  • Wall Street Journal talks upcoming reverse mortgage changes
  • HUD counseling reminder timed with program changes
  • The Baby Bummer Money Drain

Listen Now. “Reverse Focus is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.”

Editor’s Note: These posts are sponsored by Reverse Focus.

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