The Mortgage Bankers Association (MBA) has sent a letter to the FHA/Ginnie Mae in response to a Request for Input (RFI) seeking comments on how to modernize and strengthen the Home Equity Conversion M ...

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

The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business.

Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...

Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

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

As home values continue to rise, many homeowners seek financial solutions that align with their property’s new, increased values. Reverse mortgages offer a compelling option for seniors looking to tap ...

When larger banks stepped out of the reverse mortgage market in the 2010s, Finance of America gobbled up much of the demand to become one of the biggest names in the field. Today, FOA is the ...

If you're an older homeowner looking for an infusion of cash, a reverse mortgage could seem like a no-brainer. there is no minimum credit score requirement and — as long as you stay current with your ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while reverse mortgages allow seniors to borrow without adding to ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...