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News stories about Reverse mortgages

 
Aug 30, 2018  17:10 ET
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. Yet, despite an aging p...
Oct 6, 2017  13:30 ET
New rules won't slow reverse mortgage momentum
In August, the U.S. Department of Housing and Urban Development (HUD) announced new rules, effective this past week, that lowered the borrowing limits and restructured the cost of insurance for rev...
Jul 11, 2017  9:10 ET
Home equity approaches record level
There is some good news for originators involved in the cash-out refinance and reverse mortgage businesses. Home equity levels approached $5 trillion to end the first quarter and should reach a record...
Mar 31, 2017  17:50 ET
Reverse-mortgage industry burnishes image
With home equity levels rising and more people reaching retirement age, reverse mortgage numbers should be booming. But they aren’t. The program, which is designed for people ages 62 year...
May 27, 2016  12:15 ET
Reverse mortgages remain widely misunderstood, despite growth, expert says
The Federal Housing Administration’s (FHA) reverse mortgage program, known as a Home Equity Conversion Mortgage (HECM), has seen many changes over the past two years. In May, the U.S. Department of...
May 24, 2016  16:50 ET
HUD’s proposed rule changes could put a damper on reverse-mortgage volume
The government rolled out proposed new regulations on reverse mortgages last week that could reduce volumes by $1.9 billion annually in the dominant Federal Housing Administration (FHA) program. ...
Nov 30, 2015  18:40 ET
HUD cracks down on fraudulent reverse mortgage appraisals
The government on Monday signaled that it plans to investigate fraud in the reverse mortgage industry after uncovering cases where  appraisers have grossly exaggerated the value of homes. ...
Oct 1, 2015  15:35 ET
Reverse-mortgage loan counts and volumes rise despite increased federal scrutiny
Despite garnering criticism and special attention from federal regulators this past year, the reverse mortgage industry has seen healthy gains in volumes and loan counts over the 2014 figures. ...
Sep 9, 2015  12:35 ET
Company settles federal reverse-mortgage fraud case
A Tampa, Florida-based mortgage banking company has agreed to pay $29.6 million to settle federal accusations that it illegally collected interest and fees from the government’s reverse mortgage insur...
 

Questions? Contact Chief Reporter Victor Whitman at (425) 984-6017 or victorw@scotsmanguide.com

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