Study: Workers Less Confident About Retirement Prospects Due to Pandemic

23% of workers who are either employed or recently unemployed express that their confidence in retiring comfortably has declined due to the economic effects of the COVID-19 coronavirus pandemic. This is according to “Retirement Security Amid COVID-19: The Outlook of Three Generations,” a report released by the nonprofit Transamerica Center for Retirement Studies (TCRS). “Workers […]

Money.com: ‘Everything to Know’ About Reverse Mortgages

As more American seniors find themselves economically impacted by the COVID-19 coronavirus pandemic, more of them may be looking at new financial options that they may not have considered before in order to make ends meet. One of these new potential options may be a reverse mortgage, and it’s in that spirit that Money.com has […]

Programming Note: RMD Memorial Day Weekend Schedule

Thank you once again to Reverse Mortgage Daily’s dedicated base of readers for your continued support! As a reminder, RMD will be closed on Monday, May 25 in observance of Memorial Day. Our normal posting schedule and daily email will resume on the morning of Tuesday, May 26. We hope everyone enjoys the long holiday […]

Late Night Host Makes Reverse Mortgage Joke Over Trump Medication Claims

As the United States continues to grapple with the health and economic impacts of the COVID-19 coronavirus pandemic, President Donald Trump this week announced that he is taking hydroxychloroquine – a traditionally anti-malaria drug – which he has contended is effective against COVID-19. This is despite the lack of scientific evidence and academic corroboration vetting […]

Some Lenders Buck March Reverse Mortgage Declines

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.1% in the month of March 2020, for a total of 2,905 loans according to the latest HECM Originators report from Reverse Market Insight (RMI). The fall was led by the wholesale endorsement segment of business, which experienced a decrease of 17% that month, while retail levels […]

Local Spotlight: Reverse Mortgage Potential in Pennsylvania

When looking at the levels of business for the reverse mortgage industry in the Mid-Atlantic region of the United States, a clear-cut contender for the highest levels of volume among the eight states and the District of Columbia clearly emerges. According to reverse mortgage loan data from the U.S. Department of Housing and Urban Development […]

Expanded Reverse Mortgage Product Landscape Can Lead to Counseling Confusion

The modern reverse mortgage product landscape has grown significantly in recent years to include a variety of different options that are either sponsored by the federal government, or that don’t include the government at all. As proprietary reverse mortgage options continue to become more prevalent, there is potential for the product landscape to become more […]