5 Ways Reverse Mortgages Can Serve as Retirement Planning Tools
In today’s world, Americans face a looming retirement crisis — one that has been well-documented over the past several years and which has created a new purpose for the reverse mortgage. Gone are the days when reverse mortgages were considered…
Time to Wait and See Effects of Reverse Mortgage Policy Changes
The Department of Housing and Urban Development has made a host of changes to its reverse mortgage program in the last 18 months, and now will focus on evaluating the effects of those changes. Following implementation of the long-awaited financial…
Select Lenders Buck Declining Reverse Mortgage Volume Trends
Home equity conversion mortgage (HECM) endorsements declined -3.1% in April to 4,497 loans from March, but several lenders stood out with strong results in April. Reverse Mortgage Funding jumped 82.4% “to their highest total in their history and continuing to close…
HUD Rescinds Recent Rule on Reverse Mortgage Non-Borrowing Spouses
The Department of Housing and Urban Development (HUD) is officially rescinding a previous mortgagee letter that would have given reverse mortgage lenders the option to delay foreclosure of non-borrowing spouses via assigning the loan to HUD. Thursday, HUD issued Mortgagee…
