A DOJ complaint against a reverse mortgage lender for allegedly forging certifications and using unqualified underwriters to approve Home Equity Conversion Mortgage (HECM) loans between 2008 and 2010 has a trial date scheduled, though a motion to dismiss has not yet been ruled out.
According to 2020 research by Ohio State University professors, older Americans who tap home equity increase their adherence to their medications, which can have broader significance for improving their retirement security.
A pacific northwest reverse mortgage broker marks a milestone of saving its clients $1 million in forward mortgage payments by making a donation to a local senior center, so RMD sat down with its owner to learn what went into and motivated the decision to mark the milestone in that way.
A mortgage expert and analyst with decades of experience describes in a new podcast from Kiplinger about how reverse mortgages have positively evolved over the years into the modern Home Equity Conversion Mortgage (HECM).
An investment firm with a stake in a leading reverse mortgage lender has again touted its presence in the space, touting the lender’s growth as a positive contributor to its diversified portfolio.
In a new video appearing at Yahoo Finance, a reverse mortgage is presented as a possible option for retirees alongside an oft-repeated method often given to seniors to enhance their cash flow in retirement.
After new reverse mortgage non-borrowing spouse protections were handed down by the Federal Housing Administration (FHA), members of the reverse mortgage industry including servicers welcome the attention to what is seen as a critically important series of issues, based on outreach conducted by RMD.
A new column at Money.com advises borrowers of adjustable-rate forward and reverse mortgages that they could be getting what they might think will be a “strange” notice in the mail soon, with details on the shift away from the London Interbank Offered Rate (LIBOR) index.
Reverse mortgage counselors are outpacing others overseen by HUD in a key compliance metric, while HECM counseling overall has dropped slightly according to data shared at the NRMLA Virtual Policy Conference by David Berenbaum, deputy assistant secretary in HUD’s Office of Housing Counseling.
A new survey conducted by AAG reveals some surprising statistics about the state of American retirement in the wake of the economic crisis caused by the COVID-19 coronavirus pandemic.