How the Reverse Mortgage Industry Can Adapt to Higher Interest Rates

NEW YORK — In a time of increasing interest rates, reverse mortgage brokers and lenders have a wide variety of options to thwart the potential negative effects — and potentially take advantage of certain benefits that arise as the federal funds rate rises. Craig Barnes of Reverse Mortgage Funding on Tuesday presented a series of […]

Urban Institute Study: Why Aren’t Seniors Getting Reverse Mortgages?

A new report from the Urban Institute claims that Americans aged 65 or older are reluctant to tap into their staggering amount of collective home equity, and a fear of reverse mortgages is part of the problem. Two researchers working under the auspices of the Washington, D.C. think tank — Karan Kaul and Laurie Goodman […]

Moving Parts of Reverse Mortgage Costs, More ‘Education Week’ Details

Reverse Focus Weekly Podcast Episode #404 In this week’s Reverse Focus podcast, Shannon Hicks discusses next month’s reverse mortgage “Education Week” sponsored by the National Reverse Mortgage Lenders Association. The inaugural, week-long event is an attempt to facilitate conversations about reverse mortgages among non-industry professionals, including financial advisers, Realtors and home care professionals. Education Week […]

Reverse Mortgage ‘Education Week’ Targets Realtors, Financial Advisers

A lack of education is often blamed for the wide variety of reverse mortgage misconceptions that exist today. It’s also the reason why many other non-reverse industry professionals like Realtors and financial advisers balk at the idea of even considering reverse mortgages as potential solutions for their clients. Through a series of online educational sessions, […]