RMD will be observing the Thanksgiving holiday this Thursday and Friday, but will return to our normal posting schedule Monday, November 30. In the meantime, RMD would like to wish all our readers a safe, enjoyable and Happy Thanksgiving. We’ll see you back here on Monday.
Until then, in case you missed it, here’s what happened in reverse mortgage news this week:
Counseling Research Sheds New Light on Reverse Mortgage Borrowers—New research funded by the MacArthur Foundation and the Department of Housing and Urban Development aims to provide some insight into what influences prospective borrowers to follow through with a reverse mortgage, terminate their Home Equity Conversion Mortgage, or not get one entirely.
Research Reveals Factors Influencing Consumers’ Reverse Mortgage Acceptance—What factors contribute to consumers’ understandings of reverse mortgages, and their acceptance of these products, were the subject of major findings from academic research discussed at an industry event this week.
How Reverse Mortgage Lenders Can Forge Relationships with Financial Planners—A variety of research has demonstrated the effective use of reverse mortgages as part of a comprehensive retirement planning strategy, however, lenders have yet to crack the code for forging successful relationships with financial advisers. At an upcoming industry event, reverse mortgage professionals can learn some of the best strategies to opening the lines of communication with planners as well as other financial services providers.
Reverse Mortgages Offer ‘Tremendous’ Opportunity for Financial Planning—A number of factors have increased the appeal of reverse mortgages in financial planning today, including the various studies laboring on the points that many Americans have either not saved enough for their retirements, hold few assets, but maintain high stores of wealth tied-up in their homes. Mix those ingredients with the desires of many Americans who want to age in place for as long as humanly possible and there is tremendous opportunity for reverse mortgages to fit into the retirement equation.
Could Google Become the Newest Reverse Mortgage Broker?—This week, Google launched its online mortgage shopping tool under its Google Compare brand, a platform that will allow prospective homebuyers to compare rate quotes among lenders. So far, Google has added two partners to the new service, one of which provides reverse mortgage leads.
Written by Jason Oliva