How a government shutdown could impact reverse mortgages
If a government shutdown happens, here are the likely reverse mortgage business impacts based on recent history and HUD’s contingency plan.
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Pre-retirement anxiety is rising, but current retirees are optimistic
Pre-retirement anxiety is rising, but current retirees are pleasantly surprised by how their retirements are going, according to survey data.
Finance of America reports Q4 loss, full-year profit for 2024
FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.
Older Americans are increasingly reliant on credit cards to cover basic living expenses
Large shares of older Americans are increasingly reliant on credit cards to cover basic expenses, including for housing, according to AARP.
What has the CFPB done for the reverse mortgage industry?
As the CFPB is being scaled back by current leaders, RMD takes a look at its impact on the reverse mortgage industry.
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.
Maryland reverse mortgage bill withdrawn following industry dialogue
A Maryland reverse mortgage bill seeking to establish an escrow account for expenses has been tabled for now after industry dialogue.
Columnist: Reverse mortgages have benefits that come with risks
Reverse mortgages can be beneficial in the right situation, but there are risks to consider, personal finance columnist Liz Weston writes.
Mutual of Omaha amends counterclaim against Longbridge Financial
Mutual of Omaha has fired back with an amended counterclaim in its lawsuit with Longbridge Financial over deceptive advertising allegations.
Reverse mortgage endorsements, securities issuance fell in February
HECM endorsements and HMBS issuance declined in February, which some professionals said reflected higher mortgage rates at the start of 2025.