In case you missed it, here’s what happened in reverse mortgage news this week:
HuffPost: Mass Affluent Present Huge Reverse Mortgage Opportunities—It’s no secret that the U.S. population is poised for a huge aging boom. But as a growing number of Americans turn 65 every day, there’s an enormous potential for reverse mortgages to supplement the retirements of this demographic.
PlanAdviser: Reverse Mortgages Critical to Retirement Income—In a similar vein as the Huffington Post story, reverse mortgages are gaining more recognition as effective financial tools that can be used as part of an individual’s retirement portfolio to produce some extra cash flow—and the financial planning community has taken notice.
Walter Preps for More Servicing Scrutiny by Regulators—Walter Investment Management Corp. just can’t shake the gaze of regulators this year. The non-bank servicer disclosed this week that it is facing more scrutiny regarding its Green Tree mortgage servicing business, even met with a group of attorneys general in the process.
AAG Launches New Reverse Mortgage Commercial Featuring Fred Thompson—In its latest TV ad featuring company spokesman Fred Thompson, AAG spotlights reverse mortgages as portfolio management tools that can fit into an individual’s comprehensive retirement plan.
The Buffalo News: Avoid Reverse Mortgage Woes—Responding to readers’ concerns about how reverse mortgages work and the necessary steps one must take to obtain them, The Buffalo News advises that not fully understanding the product can have long-term consequences.
Written by Jason Oliva