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Should you use a reverse mortgage to cover long-term care costs?
CBS News· 14 hours agoWith the least expensive form of long-term care costing tens of thousands of dollars per year and...
Reverse Mortgage vs. Home Equity Loan: Which to Choose?
Time Magazine· 2 days agoA reverse mortgage and home equity loan both allow homeowners to turn their home equity into cash,...
How Reverse Mortgages Work
Investopedia· 2 days agoHow does a reverse mortgage work? Generally, a reverse mortgage enables a homeowner age 62 or older to access equity ...
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA - HousingWire
HousingWire· 6 days agoLongtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage
NRMLA, MBA provide comments on HECM application, origination documents - HousingWire
HousingWire· 1 day agoMBA and NRMLA each state that they are generally supportive...
Remote reverse mortgage counseling now permanently permitted in Massachusetts - HousingWire
HousingWire· 4 days agoA bill that will permanently allow for remote reverse mortgage counseling via telephone or video...
Ocwen improves overall reverse mortgage performance despite volume contraction - HousingWire
HousingWire· 5 days agoOcwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, reported an overall improvement in its business ...
Legal experts warn of foreclosure risks of reverse mortgages
WBRC Fox 6 Birmingham· 4 days agoTraditional mortgages usually include homeowners insurance, property taxes, HOA fees, but those...
House prices fall as lenders raise mortgage rates
BBC via Yahoo Finance· 7 days agoThe rising cost of borrowing was key to the latest fall in prices, it said. 'Rock-bottom rates long gone' The figures come after a string of lenders...
New appraisal bias protections apply to reverse mortgage program: FHA - HousingWire
HousingWire· 5 days agoAn announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs ...