Alt home equity product from RMF alum expands into new states
Cornerstone Financing rolled out an alternative home equity-tapping product to several new states, following a successful 2024 financing deal.
Home Equity
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Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.
Safety, affordability concerns could be barriers for aging in place
A vast majority of older Americans want to age in place, but they could run into financial challenges tied to maintenance and repair costs.
Retirees may be turning to home equity to finance healthcare shocks: report
Despite not planning to, retirees appear to tap home equity often to address a healthcare-related financial shock according to a new research brief.
Hawaii bill seeking state-run reverse mortgage program appears dead for now
A bill seeking to establish a state-specific HECM program in Hawaii is likely dead until at least 2026, according to a sponsor lawmaker.
One in 10 ‘gray divorce’ couples finance split with housing wealth
More than one in 10 U.K. couples finance their divorces with property, including through the local equivalent of a reverse mortgage, according to new survey data.
Oregon reverse mortgage bill that could halt proprietary business may be amended
A bill that appeared to target reverse mortgage business in the state may be amended to reflect a more narrow target after industry professionals weighed in.
Home inspector sees interaction from baby boomers, aging in place and reverse mortgages
A director of business development at a home inspection company explains how and why reverse mortgage companies can interact with his business.
Famed encyclopedia highlights ‘sandwich generation,’ recognizing importance of senior caregiving
Britannica, the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry — the “sandwich generation” — in recognition of the growing importance that caregiving for older relatives will have as the global population grows older.
CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages
The CFPB compared elements of home equity contract products to reverse mortgages, and said they are residential mortgage loans in an amicus brief.