The 2019 edition of Understanding Reverse, the book used by industry personnel and consumers alike as an informative reference tool about reverse mortgage product offerings, features numerous changes which aim to paint a more accurate and lender-neutral picture of contemporary home equity utilization practices. These include reflecting increasing prevalence of proprietary products, the updated Home […]
The Pew Research Center made a splash back in March with data that showed the fastest divorce-rate gains over the last 25 years belonged to Americans 50 years or older: 10 out of every 1,000 married people in that age group divorced in 2015, as compared to just 5 out of 1,000 in 1990. Divorces […]
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 […]
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 […]
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 […]
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, […]
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