Search for: "Reverse Mortgage"
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15 Jun 2022, 2:29 am
CNBC ran an article last month Here’s what you need to know about reverse mortgages. [read post]
16 Oct 2013, 2:00 am
Earlier this year, Congress passed the Reverse Mortgage Stabilization Act of 2013, and under this legislation the Federal Housing Administration (FHA) was directed to make key changes in the reverse mortgage program, also known as the "Home Equity Conversion Mortages... [read post]
4 Sep 2015, 10:32 am
The Florida Third District Court of Appeal recently reversed a judgment foreclosing a reverse mortgage, holding that the surviving spouse was a “borrower” under the terms of the mortgage, and thus the lender could not meet the condition precedent of her death in order to foreclose. [read post]
4 Jun 2015, 1:22 pm
The report is entitled “A close look at reverse mortgage advertisements and consumer risks. [read post]
2 Oct 2014, 4:00 am
Mishkin The CFPB has announced that it has updated its reverse mortgage guide to reflect recent product changes. [read post]
14 Dec 2012, 8:00 am
So far one type of loan, the reverse mortgage, has been relatively unaffected in that time. [read post]
31 Mar 2016, 2:00 pm
This column discusses research on reverse mortgages in retirement income conducted by Harold Evensky, Shaun Pfeiffer, and John Salter of Texas Tech University. [read post]
18 Sep 2014, 6:30 am
These mortgages are the most common reverse mortgages and are overseen by HUD. [read post]
20 Mar 2017, 7:32 am
” American Advisors Group will pay a civil penalty of $400,000, and Aegean Financial, which also does business as Jubilados Financial and Reverse Mortgage Professionals, will pay $65,000. [read post]
15 Mar 2011, 2:30 pm
Many boards suspect a reverse mortgage may be a sign a homeowner is in – or about to enter – rough financial waters. [read post]
26 Nov 2010, 8:15 am
Do not count funds received from a reverse mortgage. [read post]
30 Jul 2011, 4:00 pm
By way of a quick review, a reverse mortgage is one that’s available to homeowners who are at least age 62 and have substantial equity in their home. [read post]
11 Feb 2020, 6:16 am
Reverse mortgages allow homeowners to borrow against the equity in their homes and stay in place mortgage-free until they pass away, while giving their heirs the option of paying off the loan to keep the properties or sell them. [read post]
2 May 2011, 10:00 am
The National Business Institute is hosting a 90-minute teleconference entitled Reverse Mortgages From An Elder Perspective: The Good, The Bad & The Ugly on May 18. [read post]
10 Jan 2013, 1:00 am
“Reverse mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash. [read post]
6 Jul 2009, 2:19 am
Another reminder that there are no quick fixes or free lunches in the world of finance, law, consumer protection, or living a long and healthy life:beSpacific alerts us to two new GAO reports on reverse mortgage consumer protection issues:1) Reverse Mortgages: Product Complexity and Consumer Protection Issues Underscore Need for Improved Controls over Counseling for Borrowers, GAO-09-606, June 29, 20092) Reverse Mortgages: Product Complexity and… [read post]
6 Jul 2014, 4:00 am
Recently the FHA announced that reverse mortgages with... [read post]
13 Jun 2019, 7:25 am
Is the government complicit in these reverse mortgage tragedies because it forces lenders to observe rules and deadlines rigidly? [read post]
22 Feb 2017, 12:00 am
The marketers of reverse mortgages often paint a rosy picture of how seniors will be able to draw on the equity in their homes to cover daily expenses, without risk of repayment before death. [read post]
8 Jan 2016, 6:00 pm
There have been many senior citizens looking at reverse mortgages as one of their retirement tools in recent years. [read post]
