Reverse Mortgage Daily will be observing Memorial Day on Monday, May 25, but will return to our normal posting schedule Tuesday, May 26. In the meantime, we’d like to wish all RMD readers a safe and enjoyable Memorial Day weekend.
Until we meet again, in case you missed it, here’s what happened in reverse mortgage news this week:
Reverse Mortgage Marketers Shift Approach Following Financial Assessment—Reverse mortgages have undergone major changes this year. As originators are working with a new loan process, the industry’s leading marketers are also working through the new product. Some are viewing the change as an opportunity to begin new conversations with prospective borrowers.
Reverse Mortgages Can Defend Against Coming Retirement Crisis—Working Americans today face an impending retirement crisis requiring them to retool how they prepare for their non-working years. As one recent study indicated this week, one of those tools can be accessing home equity via a reverse mortgage to provide extra cash flow during retirement.
Program Teaches Financial Planners Strategic Use of Reverse Mortgages—A growing number of financial advisors have looked to new designation programs to better guide retirees on how to plan for retirement. One such program, which teaches advisors about the strategic use of reverse mortgages, is growing in popularity.
Forbes: Reverse Mortgage Rules Provide Retirement Security—An article published by Forbes this week depicted reverse mortgages as viable strategies for home owners to leverage their home equity, while also helping open the door to a secure retirement.
Tackling the Local Media Market for Reverse Mortgages—As reverse mortgage lenders continue to reach existing and new audiences through the internet and TV ad campaigns, one originator is taking a local approach via a weekly cable show in Minnesota.
Written by Jason Oliva