Time/NextAdvisor: Know Reverse Mortgage Pros and Cons Before Getting One

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 […]

Forbes: Why Reverse Mortgages Can Help Against Property Value Risk

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 […]

Academy for Home Equity Releases Model Reverse Mortgage Compliance Language for Financial Planners

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. […]