The Latest Reverse Mortgage News: Forbes, CNBC and More

In light of the COVID-19 pandemic’s tightening, continued grip on the United States, some of the nation’s most prominent mainstream news outlets have turned their attention to the reverse mortgage product concept as Americans continue to seek financial relief after enduring the economic shock that the pandemic has caused. Because of the newfound financial stress […]

USA Today: Puerto Rico Reverse Mortgage Borrowers Face Continued Problems After Hurricane

Reverse mortgage loans in the United States territory of Puerto Rico are resulting in non-death-related foreclosures at a rate of nearly one-in-four between 2014 and 2018, an issue magnified by Puerto Rico’s struggles with natural disasters, falling home prices and a lack of understanding relating to the territory’s unique tax exemptions, according to an investigative […]

USA Today: Reverse Mortgages Can Help Meet Unexpected Expenses

A reverse mortgage has the potential to help retirees weather unexpected or emergency expenses in retirement, and should be seen as a viable path that can help certain seniors make ends meet. This is according to a story written by Robert Powell, the editor of TheStreet’s Retirement Daily in a new column published at USA […]

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 […]

USA Today Report Details Difficulties for Reverse Mortgage Heirs

A new in-depth article published by USA Today takes aim at legal and financial difficulties faced by the heirs of reverse mortgage borrowers when trying to pay off the loan balance in order to keep the affected properties. Based on input from over 100 “tips” submitted to the outlet after its look at reverse mortgage […]

USA Today: Retirement is Changing as Corporate Pensions Go ‘Extinct’

As pension plans at private companies become continuously rarer and the condition of existing corporate pension plans continues to worsen, the nature of retirement in America is being forced to go through a period of change. This is according to a story in USA Today by business trends reporter Nathan Bomey, and a report by […]

Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings

Multiple high-profile news articles that have appeared in different media outlets this year have highlighted the continued difficulties faced by the reverse mortgage industry in terms of protections in place for non-borrowing spouses (NBS), oftentimes including information that is either incomplete, out-of-date or both. Two reverse mortgage industry experts offer their perspectives on this issue […]

Industry Expert: What USA Today Got Wrong About Reverse Mortgages

Even before USA Today published an article this month taking aim at reverse mortgages and the associated industry’s practices, the news outlet had previously published articles that relate caution to its readers concerning the idea of engaging in a reverse transaction. One such article was posted back in April, and a prominent industry expert has […]

USA Today Publishes Industry Op-Ed on Reverse Mortgage Report

A rebuttal to an investigative article released this week by USA Today has been published in the form of an editorial also released in the national news outlet, written by the Chief Executive Officer of the National Reverse Mortgage Lenders Association (NRMLA). In the editorial, titled “A reverse mortgage can be a lifesaver,” Peter Bell […]