Brookings: How to Enhance Reverse Mortgages With Life Annuities

A possible path toward making reverse mortgages more enticing to both lenders and borrowers could be by enhancing traditional Home Equity Conversion Mortgage (HECM) to increase loan amounts at origination in order to allow the borrower to purchase a life annuity. That annuity can then be used to pay down principal and interest on the […]

AARP, Researchers Diagnose Reverse Mortgage Problems and Offer Solutions

American research think tank the Brookings Institution hosted an event in Washington, D.C. Monday morning that included a wide-ranging panel discussion of reverse mortgages in America and across the world. The event also included the presentation of two research papers, diagnosing issues and prescribing potential solutions for headwinds faced by reverse mortgage products in the […]