Monthly Archives : June 2015

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Housing Options Most Bleak for Seniors as Mortgage Debt Rises

26
Jun,2015

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The state of the nation’s housing appears dismal overall, but the outlook is even more bleak for older homeowners, new research shows. The nation’s home ownership rate fell to 64.5% last year, erasing nearly all of the increase in the…

HUD Expands Options for Reverse Mortgage Non-Borrowing Spouses

19
Jun,2015

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Non-borrowing spouses of reverse mortgage borrowers will now have expanded opportunities to remain in their homes under newly revised guidelines released today by the Federal Housing Administration (FHA). Last year, the FHA amended its Home Equity Conversion Mortgage (HECM) policies…