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Friday Round-Up: Reverse Mortgages in Hollywood

In case you missed it, here’s what happened in reverse mortgage news this week:

Hollywood’s Take on Reverse Mortgages: Help Mom, Dad Maintain Independence — In Hollywood, it’s hard to imagine the well-to-do stars taking out a loan to help boost their retirement nest egg. But one entertainment insider tells RMD that reverse mortgages have their place in Tinseltown.

[Poll] How Much Has the Financial Assessment Impacted Loan Volume? – RMD is asking readers to share how much the financial assessment has affected loan volume. Want to weigh in? 

Home Is Key to Aging-In-Place Strategy — Americans face significant challenges when trying to remain in their homes, including homes that cannot support their changing health needs, burned-out family caregivers and a lack of community services. But those challenges also present opportunities for strategies that promote aging in place, industry leaders said during the National Healthcare Innovation Summit June 17 in Chicago.

Florida Reverse Mortgage Volume Strongest Among Top 10 States — Florida continues to lead home equity conversion mortgage (HECM) growth among the top 10 sates, according to the latest Reverse Market Insight report. RMI President John Lunde tells RMD about the latest home equity conversion mortgage (HECM) trends.

Housing Options Most Bleak for Seniors as Mortgage Debt Rises — More than a third (38%) of owners aged 65 and over had mortgages in 2013, up from a little over a quarter in 2001, according to the latest report by Harvard University’s Joint Center for Housing Studies (JCHS). Moreover, the median amount of debt they carried doubled over this period in real terms, data show.

Written by Cassandra Dowell

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