AAG, BBB Partner to Protect Seniors from Coronavirus Scams

American Advisors Group (AAG) has built on its relationship with the Better Business Bureau (BBB) to raise awareness for seniors concerning scams that may target them in the midst of the COVID-19 coronavirus pandemic. This is according to an announcement both organizations jointly released on Friday morning. “Financial criminals have seized an opportunity created by […]

How FAR Made Financial Planning Inroads to Form New FPA Partnership

Reverse mortgage lender Finance of America Reverse (FAR) and the Financial Planning Association (FPA) recently announced a new partnership, in which both organizations will collaborate on new educational materials designed to give financial planner professionals a greater understanding of reverse mortgage products, and the incorporation of home equity into retirement planning. The new partnership has […]

KOMO News: ‘Approach Reverse Mortgages With Caution’

Seattle-based ABC affiliate KOMO-TV featured a story on a recent newscast advising seniors to approach reverse mortgages with caution, soliciting the input of a member of the National Foundation for Credit Counseling (NFCC) who says that reverse mortgages should only be considered as a “last resort.” In its April 22 broadcast, KOMO News reporter Connie […]

FAR Announces Educational Partnership with Financial Planning Association

Finance of America Reverse (FAR) and the Denver, Colo.-based Financial Planning Association (FPA) today announced the formation of a new partnership aimed at providing educational material to financial planner professionals to better inform them of the options that are available to their clients in incorporating reverse mortgages as part of a comprehensive financial plan. This […]

AAG Debuts New Reverse Mortgage Educational Videos

In 2004, the United States Senate passed a resolution which recognizes the month of April as National Financial Literacy Month. In honor of the month’s recognition, American Advisors Group (AAG) has released a series of animated educational videos which are aimed at teaching Americans how they can use home equity as a financial tool in […]

Governments, Communities Take Precautions to Protect Seniors from Coronavirus

Individuals that are at higher risk from becoming seriously ill from COVID-19, the illness that results from the coronavirus, include those who have vulnerable immune systems or other underlying health conditions. This includes the primary demographic that the reverse mortgage industry serves, senior citizens, according to guidance from the Centers for Disease Control and Prevention […]

Reverse Mortgage Education Comes to Amazon’s Audible Platform

The mission of reverse mortgage product education is one of the proverbial “front lines” of the industry, since all stakeholders maintain a vested interest in countering the often intense and persistent negative product perceptions that permeate consumers’ understanding of what a reverse mortgage is. One of the ways that can be beneficial in combating the […]

WalletHub: States With the Highest and Lowest Property Taxes

In order to keep a reverse mortgage loan in good standing, a borrower has to maintain the property to the standards of the Federal Housing Administration (FHA), and they have to be current on their payments to their homeowners insurance and property taxes. Not all tax environments are created equal, however, since different states have […]

Despite Optimism, Reverse Mortgage Pros Still Wary of Education Hurdles

The reverse mortgage industry has been forced to evolve and adapt quite a lot in recent years, particularly after a reduction to principal limit factors (PLFs) instituted by the Federal Housing Administration (FHA) in October of 2017. The industry was forced to go through a multi-faceted adjustment brought about by that disruption, but now that […]