Studies show that many older adults want to age in place during retirement. But others who aren’t yet ready to put down roots may choose to relocate, downsize or even upgrade to a new home during their non-working years. A reverse mortgage can help these older buyers in ways that few financial products can, and […]
Donald Trump officially began his term as the 45th President of the United States on Jan. 20. But having said little during his presidential campaign about his plans for housing, it is unclear, at least for now, just what exactly the Trump era will mean for the U.S. real estate market. “There is still a […]
The Federal Housing Administration (FHA) played a vital role in providing homeownership for millions of Americans during the financial crisis. But as the nation recovers from one of the worst economic downturns in U.S. history, housing finance experts say the time has come for some much-needed FHA reforms. During a special seminar earlier this month […]
Like most other industries, the reverse mortgage mortgage industry cannot operate in a silo. Growing the marketplace not only depends on more eligible borrowers using reverse mortgages, but also relies on educating the financial professionals who help these older homeowners navigate their retirement years. Few industry leaders are tackling this goal as comprehensively as Reverse […]
As the industry struggles with falling endorsement volume and a shrinking market, lenders are largely optimistic about the future of the reverse mortgage space in 2017. Many agree that growth in the next year will depend on a variety of external and internal factors, such as the industry’s ability to expand its messaging to more […]
Buying a new home with a reverse mortgage is an often overlooked strategy by retirees who could potentially benefit from borrowing against their home equity instead of raiding their savings to cover the purchase price with a traditional mortgage, according to a recent article from U.S. News & World Report. “Experts say the product can […]
Responding to a demand for face-to-face Home Equity Conversion Mortgage (HECM) counseling in New York State and a lack of available counselors to meet this need, one HUD-approved Housing Counseling Agency is opening a new branch next month with a team of counselors to deploy in force. For years, Agawam, Massachusetts-based Cambridge Credit Counseling Corp. […]
For older homeowners worried about falling short on their retirement savings, home equity can provide a much needed boost if they play their cards right using a reverse mortgage, according to a recent article from Fortune. The strategy involves obtaining a Home Equity Conversion Mortgage (HECM) line of credit at the earliest eligible, and then […]
Following a growing interest among financial planners and other professionals, a reverse mortgage industry veteran returns with the 2017 edition of his annual guidebook to all things reverse mortgages. Three years ago, reverse mortgage originator and industry trainer Dan Hultquist published the first edition of “Understanding Reverse” (2014), a reference book that answers the most […]
President Donald Trump is making good on his promise to rollback federal regulations with a new Executive Order issued on Monday that could have significant consequences for all future rule-makings from government agencies, including the Department of Housing and Urban Development (HUD). In a “Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs,” Trump […]
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