Reverse Mortgages in the News

 

 

 

Reverse Mortgages: The Rewards and Risks"

By Nick Clements
One of the greatest challenges facing retirees, particularly in today's low interest rate environment, is generating income for everyday living expenses... Read more.

   
   
   

Reverse Mortgage: Should you inform your family about it?"

By Marcie Geffner
You're thinking about getting a reverse mortgage. Should you discuss your plan with your adult children? Maybe... Read more.

   
   

 

 

Reverse Mortgages for New Home Buyers"

By Pat Mertz Esswein
Chuck Rooney and his wife Ellen originally set out to refinance the mortgage on their home, but instead got a reverse mortgage and purchased a new home closer to family without worrying about mortgage payments... Read more.

   
   
   

Understanding the Pitfalls of Reverse Mortgages

By David Lazarus
Retirement is an increasingly scary prospect. Some experts say a couple will need $2 million to live comfortably. Some say you should have at least 10 times your annual salary socked away... Read more

   
   
   

The Case For Reverse Mortgages"

By Wade Pfau
What financial term do you wish those nearing retirement better understood?.. Read more.


   
   

 

 

 

Once Troubled Reverse Mortgages Poised for Rebound”

By Hope Yen
Advertised as a path to affordable retirement, federally insured reverse mortgages are showing signs of a rebound... Read more.

   
   

 

 

 

The Relationship Product: Why Community Banks and HECMs Are a Good Fit”

By Mark Olshaker. National Reverse Mortgage Lenders Association
There are certain traditions, objects and institutions that are so engrained in the national psyche that they have come to be classified under the general heading of Americana. Read more.

   
   

 

 

 

and a Good Fit for Credit Unions Too”

By Darryl Hicks. National Reverse Mortgage Lenders Association
Credit unions consumer reverse mortgages a great service for members. Read more.


   
   

 

 

What Heirs Need to Know About Reverse Mortgages”

By Rachel L. Sheedy
If you have a reverse mortgage, let your heirs know. Soon after you die, the lender must be repaid. Heirs will need to quickly settle on a course of action.  Read more.

   
   

 

 

 

New Rules Could Revive Reverse Mortgages”

By Alicia Munnell, Center for Retirement Planning, Boston College
As a great fan of reverse mortgages, I am delighted that the government has made the needed changes to protect the viability of the Home Equity Conversion Mortgage program.  Read more.

   
   

 

 

 

In Hard Economy for All Ages, Older Isn't Better...It's Brutal”

By Catherine Rampell
Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings. Read more

   
   

 

 

 

One Recession Cost is Lower Social Security Benefits”

By Bruce Bartlett
Drawing your social security benefits as soon as you are eligible can affect your long-term well-being, while deferring them offers a savings...Read more.

   
   

 

 

 

Reversing the Negative View of Reverse Mortgages”

By Alicia Munnell, Center for Retirement Planning, Boston College
The Consumer Financial Protection Bureau recently released a report on reverse mortgages. The report is quite negative - in my view, excessively negative - and the press summaries omit many of the nuances of the original document, which makes it sound more negative than it is. 
Read more.

   
   
   

Counting on an Inheritance? Count Again”

By Ann Tergeson
Baby Boomers: Get ready for a double whammy. For years now, there has been talk about boomers getting tremendous windfalls as their parents pass on. Many boomers, in fact, have been lagging behind in their savings, betting on -- hoping for -- big bequests, especially since many of them suffered big losses in 2008. Read more.