The reverse mortgage industry has made several recent efforts to appeal to the financial planner community, and RMD updates the industry on those from FAR, Fairway, CrossCountry Mortgage and the Academy for Home Equity in Financial Planning.
People often hear of reverse mortgages described as “loans of last resort,” but Fairway Reverse Mortgage Director Harlan Accola turns that notion on its head in a column at Nasdaq.
A pair of reverse mortgage executives have researched and published a book about the product category, addressing features, misconceptions and more. They hope it serves as another way to connect with seniors.
An advice column in the Washington Post tackles the topic of reverse mortgages, advising that all costs should be considered before deciding what to do with your home equity in retirement.
Four potential methods for using home equity in retirement, including taking out a reverse mortgage, are explored in a straightforward way at Forbes.
Reverse mortgage originators may find it useful to brush up on the latest financial scams targeting the industry’s core demographic during the pandemic, as offered by the FCC, CFPB and HHS.
A senior considering a reverse mortgage loan should consider all the potential risks and rewards in equal measure before deciding whether or not to get such a loan. This is according to a new column by personal finance columnist Joe Cortez at NextAdvisor, as published by Time. “Fear of COVID infection at nursing home facilities […]
For someone looking for a hedge against property value risk, a senior may not need to look any further than a Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) loan. This is according to Jack Guttentag, aka the “Mortgage Professor,” in a new column published by Forbes. Tied to the motivation for someone to […]
The Academy for Home Equity in Financial Planning (AHE) at the University of Illinois Urbana-Champaign has released a new publication, proposing guidance language for broker-dealers and investment advisory firms to use to help govern planners’ interactions with reverse mortgage products. The publication — featuring contributions from people including Dr. Craig Lemoine, Betty Meredith CFA, Dr. […]
Reverse Mortgage Funding, LLC (RMF) has announced the availability of two new, digital Social Security guides for 2021. One is designed to help consumers maximize retirement benefits, while the second aims to support planning professionals in better serving the long-term financial goals of their clients. By spearheading education on this important topic for retirees, it […]