In a letter to HUD that outlined numerous proposals, NRMLA recommended changes to improve the HECM financial assessment ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.

Finance of America Companies helps retirees by offering a range of home financing options, including reverse mortgages and home improvement loans as well as home-sharing services. As of April 2023, ...

FT Adviser broke the story of Giles Chapman and his wife, who have applied to reopen an appeal decision, in their claim ...

The U.S. Consumer Financial Protection Bureau (CFPB) is preparing to convene its Consumer Advisory Board next week to review ...

In turn, more retirees and near-retirees are asking the question of whether opening a reverse mortgage will be worth it in ...

Reverse mortgages can be useful for many retirees who are house-rich but cash-poor, but they change what happens to your home ...

NRMLA sent HUD and FHA a detailed letter urging lower upfront MIP, HMBS index changes and new liquidity options for reverse ...

Declining issuances since 2022 led to a request for information regarding the future direction of the reverse mortgage ...

Finance of America Reverse LLC has entered into an agreement to acquire the home equity conversion mortgage (HECM) servicing portfolio, and certain other reverse mortgage assets, from PHH Mortgage ...

A: Unfortunately this is a tricky issue that can take time to sort out.