A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...
Here’s how Fairway’s reverse mortgage for purchase works: you use your own funds to make a down payment on a new home and use ...
The reverse mortgage industry is ready to hit the ground running in its efforts to connect with new clients in 2025.
Teresa Ghilarducci Ph.D. is an Economics Professor. I am unsure the reverse mortgage industry is sound. It is regulated by various different agencies including the embattled Consumer Financial ...
Because of the repayment structure, however, it can be better than a reverse mortgage, especially at today's lower rates. Unlike the latter which pays the homeowner, home equity loans will need to ...
In chapter 10 of "Inheriting Your Spouse's IRA," author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages are a type of home loan available to homeowners age 62 and ...
Reverse mortgages remain the pariahs of the U.S. loan world. A 2022 study published in Oxford Academic revealed there were just 33,000 reverse mortgages originated during the same year when ...