In part 2 of RMD’s interview with Shai Akabas, director of economic policy at the Bipartisan Policy Center (BPC), seniors’ collective unwillingness to take on additional debt is explored, as are policy differences on retirement issues between the current and previous presidential administrations.
A column at the Motley Fool examines why borrowing against the home may be a better choice in certain instances than conventional borrowing.
Federal Housing Administration (FHA) Deputy Assistant Secretary (DAS) for Single Family Housing Julienne Y. Joseph provided an update on the performance of the Home Equity Conversion Mortgage (HECM) program, and offered additional thoughts about its importance to American seniors.
New research indicates that while home equity can be very useful for retirees, aversions to products like reverse mortgages or a simple aversion to taking on additional debt largely leaves equity on the financial sidelines.
Financial planners are often cited as a potentially optimal reverse mortgage referral source, but many planners remain reluctant to engage with reverse mortgage professionals. A recent presentation at the NRMLA Virtual Summer Conference explores why.
A column at Forbes Advisor details that while a reverse mortgage may work for some seniors, there are certain “realities” about the category to consider before deciding on getting such a loan. RMD offers this story so reverse mortgage professionals can remain aware of conversations about the product category.
Federal Housing Administration (FHA) Deputy Assistant Secretary (DAS) for Single Family Housing Julienne Y. Joseph described for reverse mortgage professionals the importance she ascribes to the reverse mortgage program given her firsthand experience with it as an originator.
The National Reverse Mortgage Lenders Association (NRMLA) is still determining whether or not its Annual Meeting and Expo in November should remain virtual, or shift to an in-person format.
Longbridge Financial has introduced two new key features to its online servicing platform across a web portal and mobile app, including signature-less draws and online occupancy certifications.
Reverse mortgages in Australia have grown by five times since the government’s Pension Loans Scheme (PLS) recorded data in the 2018-2019 fiscal year.