While reverse mortgages can help seniors supplement regular retirement income, they’re also handy for covering expenses seniors might not otherwise be able to meet
About $996 million in Home Equity Conversion Mortgage-backed security pools were created in August, a high for the year
The Department of Housing and Urban Development has claimed changes to reverse mortgages will protect borrowers from eating up their equity
Consumer protections and counseling are critical to protecting older Americans entering into HECM loans, it has been claimed
Seniors looking for a big cash payout from a reverse mortgage will have to look elsewhere for needed funds.
(NAR) -- Major news outlets have been talking about the Obama Administration possibly requesting $943 million from the U.S. Treasury this year to shore up the finances of the Federal Housing Administration. But whether the 80-year-old agency will actually need the cash infusion is far from clear.