Collective senior housing wealth in the United States has reached over $10 trillion, emphasizing the potential power of its use in retirement.
New, draft reverse mortgage program guidance for the Single Family Handbook 4000.1 can now be reviewed through the end of January, FHA announced.
The reverse mortgage division of Fairway Independent Mortgage has decided to leave the National Reverse Mortgage Lenders Association (NRMLA).
U.S. Rep. Josh Harder penned a letter to CFPB Director Rohit Chopra, blasting recent settlements with the reverse mortgage industry as insufficient.
With the HECM lending limit set to rise to over $970k in 2022, industry participants share their thoughts about what this could mean for the business.
The NRMLA Board of Directors has re-elected co-chairs Scott Norman and Mike Kent to serve in the 2021-2022 term, alongside other returning officers.
A U.K.-based equity release expert discussed the potential of reverse mortgage-like products in Europe, and differences with American product variations.
A column published at the Motley Fool describes how a reverse mortgage can be a lifeline in retirement, so long as the loan requirements and details are observed.
A prominent reverse mortgage industry educator offers tips for people looking to break into the business, describing how community visibility and engagement with other businesses can be key to a successful start.
While needs continue to motivate those seeking reverse mortgages, in some cases the wider senior population may face more headwinds to their financial security than those seeking out reverse mortgages as a possible option according to NCOA research presented at the NRMLA Virtual Annual Meeting this month.