December 10, 2018 | Reverse Mortgage Daily

Reverse Mortgage Stakeholders Dispel Product Myths for Home Care Audience

By: Chris Clow

Bridging two industries that have a shared interest in the ability of senior individuals to age in place, reverse mortgage stakeholders presented a webinar discussion last week to an audience of in-home care professionals. Largely focused on presenting the benefits of reverse mortgages for home care recipients, the panel also dispelled common myths around the product.

November 26, 2018 | Reverse Mortgage Daily

How Originators Are Retraining Referral Partners As Reverse Mortgages Evolve

By: Chris Clow

Still feeling the impact of rule changes to the reverse mortgage industry applied by the Department of Housing and Urban Development that went into effect on October 2, 2017, as well as an influx of new proprietary reverse mortgages, originators find themselves having to take a different approach concerning their business relationships with their referral partners in order to bring all involved parties up to speed with the relevant product changes.

October 25, 2018 | Reverse Mortgage Daily

Experts Tout Benefits of Reverse Mortgages to Financial Planners

By: Maggie Callahan

As finances are uncertain for many approaching retirement, reverse mortgages are an ideal shock absorber for the many potential shocks once a senior stops working, financial experts conveyed to an audience of financial planners Wednesday.

September 30, 2018 | Reverse Mortgage Daily

One Year Later, Reverse Mortgage Leaders Reflect on the October 2017 Changes

By: Maggie Callahan

Stemming from the Home Equity Conversion Mortgage program changes last October, the last 12 months have brought lower origination volume, proprietary product innovation, originator diversification, and — most recently — changes to the HECM appraisal process.

September 17, 2018 | Future of Business and Tech

Utilizing Reverse Mortgages to Conserve Your Retirement Nest-Egg

By: Shelley Giordano

Every person who has ever created a budget knows that the more monthly expenses there are, the trickier it is for the paycheck to do its job. This challenge is magnified in retirement. Since you are no longer receiving income from a job, those monthly expenses can represent a very large chunk of your cash flow.

September 12, 2018 | Forbes

A Brief History Of Reverse Mortgages

By: Wade Pfau

If, after considering other housing options, you have decided to remain in an eligible home (or move into one), you may want to consider a Home Equity Conversion Mortgage (HECM – commonly pronounced “heck-um”)—more commonly known as a “reverse mortgage”—as a source of retirement spending.

September 12, 2018 | Reverse Mortgage Daily

Task Force Issues Call for Education on HECM Repayment Pitfalls

By: Maggie Callahan

As the industry has positioned the Home Equity Conversion Mortgage as a strategic retirement tool for more affluent borrowers, an industry trade group recently issued an important warning: Do not accidentally terminate your loan by paying down your balance too low.

September 5, 2018 | Reverse Mortgage Daily

Navigating the Risks and Rewards of Reverse Mortgages and Financial Advice

By: Alex Spanko

A recent article from a well-known reverse mortgage proponent suggested that rules regarding cross-selling the loans and other financial products may have gone too far — a suggestion that was met with both caution and some qualified support from the larger Home Equity Conversion Mortgage community.

August 30, 2018 | Scotsman Guide

Reverse Mortgages are Gaining Acceptance Slowly

Seniors are living longer and need to stretch their retirement savings and portfolios for many decades. A body of research suggests that a reverse mortgages can help do that.

August 28, 2018 | HousingWire

Here's Why Some Financial Advisors Aren’t Allowed to Discuss Reverse Mortgages

By: Jessica Guerin

Reverse mortgages are not the loan they used to be. Once used largely as a loan of last report by seniors unable to make ends meet, they have undergone substantial policy changes over the years that have repositioned them as a worthy financial planning tool.