David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse ...

Gordon recently opined that more HUD-approved housing counselors should be trained to work with HECM borrowers, particularly because of the changing rate environment. She shared these perspectives ...

In response to rapid growth in the number of seniors applying for reverse mortgages, the U.S. Department of Housing and Urban Development has issued a notice expanding the network of counselors ...

As we grow older, our financial needs change. Perhaps you need a different strategy to cover your regular living expenses, or ...

I’ve always been one of those calloused individuals who subscribed to the theory that environmental hazards simply rotated every year on a secret list held by home inspectors. That list flip-flopped ...

For retirees who are struggling to make ends meet or are concerned about running out of money, a reverse mortgage can seem like a lifeline. This type of borrowing tool allows seniors to tap into their ...

Make sure you understand all the costs, terms and conditions before applying for a reverse mortgage. Reverse mortgages are widely advertised to older adults as a way to convert part of the equity in a ...

According to the National Reverse Mortgage Lenders Association, funding from fiscal 2010 will cover agencies through September 30, 2011. After that, the elimination of the federal funding will mean ...

Reverse mortgages can be a versatile tool in many retirees’ arsenal, helping to bridge the gap when Social Security and savings aren’t quite enough on their own. A chief benefit of reverse mortgages ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, how exactly do these senior-focused loans work for married couples, ...