A new bill aiming to allow reverse mortgages for co-op residents in the state of New York has passed the legislature, but could encounter difficulty in getting a signature from Gov. Andrew Cuomo.
Many seniors may be surprised to learn that there are a few less commonly used sources of cash in retirement, which can include the home through the use of a reverse mortgage according to an article at the Motley Fool.
The National Reverse Mortgage Lenders Association (NRMLA) has submitted a letter to the U.S. Department of Housing and Urban Development (HUD) seeking clarification on recently-announced rules concerning non-borrowing spouses (NBS) in reverse mortgage loans.
The Senate has confirmed the new Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD), with representatives from the NHC and NRMLA offering congratulations.
The U.S. Department of Housing and Urban Development (HUD) has given perspective on the Home Equity Conversion Mortgage (HECM) program to RMD, though some key questions about the program itself and adjacent issues remain unanswered.
A reverse mortgage could allow some financial planners to help their clients avoid surcharges associated with Medicare benefits, according to an article at ThinkAdvisor.
Former Deputy HUD Secretary Brian Montgomery offers a few perspectives on the reverse mortgage program after the new administration released its 2022 budget proposal.
A new article in a New York-area magazine describes four scenarios in which a reverse mortgage may be a good idea for some seniors to explore.
Reverse mortgage industry-leading lender American Advisors Group (AAG) has consolidated its headquarters in a new location in Irvine, Calif. and has largely moved to a hybrid model for its workforce.
Class Valuation has acquired Greenville, S.C.-based AMC SouthEastern Evaluation (SEE) in an effort to increase the company’s market share for AMC services in the southeastern United States.