Global equity release market projected to top $56B by 2035
Global equity release — including reverse mortgages — could be in for pronounced growth over the next 10 years, according to a new report.
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Longbridge’s Bill Packer on crafting AI that’s inclusive of seniors
Longbridge COO Bill Packer talks about inclusive AI use for older users and customers as the company develops its tools.
NAHB encourages ‘practical’ renovations for aging in place
Aging-in-place renovations are popular, and NAHB offered some advice for “practical” applications on new projects.
IRS stipulation could have consequences for seniors in a declining stock market
Required minimum distributions are taxed as income and “can be painful when retirees have to sell assets in a falling market.”
In Chicago, a reverse mortgage scammer left a lasting scar
Mark Diamond was sentenced to 17 years in prison for his crimes against elderly homeowners, but the damage in Chicago is still visible.
Judge sets trial timeline for Mutual of Omaha and Longbridge
A new court filing offers insight into when the reverse mortgage advertising lawsuit will land in front of a jury.
Aging in place increasingly embraced by independent senior living companies
Independent living organizations tell a senior housing outlet that aging in place is key to fulfilling evolving customer preferences.
Fairway, Longbridge lead reverse mortgage presence at The Gathering
Two reverse mortgage industry leaders break down some of the challenges and opportunities of serving senior homeowners.
Reverse mortgage performance was largely steady in May
Reverse mortgage business metrics were largely steady last month, and analysts expect that to hold barring unforeseen challenges.
New California wildfire homeowner assistance program includes reverse mortgages
A disaster recovery program in California includes help for forward and reverse mortgage borrowers, drawing praise from reverse professionals.