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.
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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Maryland reverse mortgage bill withdrawn following industry dialogue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.
25 Canadians charged in ‘grandparent scam’ targeting U.S. seniors
25 Canadians have been charged by U.S. authorities with bilking older Americans out of an estimated $21 million.
Report suggests key HECM field office at HUD could be shut down
Among dozens of reported potential field office closures, one in Oklahoma has the potential to significantly impact the FHA-insured HECM program.
This aging-in-place program flies under the radar, but it could lower senior care costs
There’s a national aging-in-place program to help people remain in their homes, but broadening access means navigating federal reimbursements.