Outdated manufactured home? This reverse LO could save the day
Bill Smith of Reverse Mortgage West talks about a unique way to build new homes using the proceeds from a reverse mortgage.
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Appeals court throws curve ball in potential class-action suit against Unison
A Ninth Circuit panel reversed a lower court’s dismissal order in a proposed class-action suit against Unison Agreement Corp.
Outdated tax law could cost senior homeowners looking to sell
The home equity tax law hasn’t been updated since 1997, meaning senior homeowners could pay a sizable chunk in taxes when they go to sell.
Longbridge hires Azita Guzzo to head up tech innovation efforts
Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanced customer service and improved operational efficiency.
Long-term health care costs are exploding. A reverse mortgage could help
As the U.S. population ages, many families are facing long-term care (LTC) issues. Most families either pay for it out of their savings or spend down these savings until they qualify for Medicaid.
Most Americans retire without a savings withdrawal plan
Retirement tech firm IRALogix says about half of American retirees don’t take a systematic approach to withdrawing their retirement assets.
Longbridge COO Bill Packer on how technology is influencing workflows
Bill Packer, COO at Longbridge Financial, talks about the ways his company is using AI to serve reverse mortgage borrowers.
The bank of mom and dad can strain retirement
The failure-to-launch trend among Gen Z has strained their parents’ finances, with real consequences for their retirement plans.
In Northern Virginia, senior housing has a supply-and-demand ‘disconnect’
Fairfax County, which borders the District of Columbia and is home to about 1.1 million residents, is experiencing a “disconnect” between its affordable housing supply and the number of seniors living on a fixed income.
What’s the best strategy for seniors to take required minimum distributions?
Derek Horstmeyer, a finance professor at George Mason University, gamed out three different but common strategies on RMDs in a column published by The Wall Street Journal.