Reverse Mortgage News by HECMWorld HECMWorld

[Go Banking Rates] Here are four reasons more Baby Boomers now find themselves being house-poor.

Other Stories:
[New York Times] The high-class problem that is home equity.
[Reverse Market Insight] RMI’s Market Minute with Jon McCue.

EPISODE #827
Retirement is Becoming a Luxury
[Tampa Bay Times Editorial Board]

A recent AARP survey finds that retirement is increasingly becoming a luxury. Here’s what the survey reveals…[Listen for Details]

Other Stories:

[RMD/Housing Wire] Atlas Valuation hires former AAG head appraiser.

[CBW Money Watch] Experts weigh in when a reverse mortgage is the best home equity option.

Appraisal bias protections apply to HECMs
[RMD/Housing Wire]

The Department of Housing and Urban Development and The Federal Housing Administration announced that appraisal bias protections extend to homeowners applying for a Home Equity Conversion Mortgage (HECM)…[Listen for Details]



Other Stories:

[RMD/Housing Wire] Bill seeks to switch the index used to calculate Social Security Cost of Living Adjustments (COLAs).

[Yahoo Finance] Mortgage demand falls with high rates and home prices.

EPISODE #825
HUD pulls back some allowable HECM for Purchase contributions
[RMD/Housing Wire]

After input from interested parties in the Federal Register HUD has decided to pull back on one type of sale contribution… [Listen for details]


Other Stories:

[Belleville News-Democrat] A vacant duplex has been deteriorating for five years after the HECM borrower died.

[Finance Buzz] Home insurance forcing many older Florida residents to sell, or give up coverage.

Aging in Place or Stuck in Place?
[New York Times]

“Are they aging in place, or stuck in place?” asked Linna Zhu, a research economist at the Urban Institute. “Do we need to rethink this so-called American dream? It worked for previous generations, but does it still work today?”


Other Stories:

[CBS News Money Watch] 3 moves seniors should consider with inflation still high.

[RMI] Reverse Market Insights ‘Market Minute’ with Jon McCue.

[Housing Wire] Norcom mortgage’s former reverse mortgage team seeking a new home.

EPISODE #823
AARP notes interest rate impact on would-be reverse mortgage borrowers
[AARP]

“Just as they are for homeowners or would-be homeowners with conventional mortgages, higher interest rates are bad news for people who have or are considering reverse mortgages. But not entirely, and not necessarily in the ways they might think.”


Other Stories:

[New York Times] Boomers bought up the big homes and they’re not budging

[Market Watch] I’m running out of options: Mother-in-Law can’t pay her bills.