Reverse Mortgage News by HECMWorld HECMWorld

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.

[Housing Wire] Two things most reverse mortgage pros may not know about the expected rate.
[Housing Wire] A federal judge allows the majority of a suit against Ginnie Mae to proceed.
[Fortune] Many Wall Street investors expect this instead of a hard or soft economic landing.

Episode#821: Major changes underway for HECM applications

[California Mortgage Relief] Time is running out for California homeowners to apply for financial assistance  for property charges
[HUD] How vacant HECM properties are sold

EPISODE #820
Senator Mike Braun calls for increased oversight of the HECM MBS program
[Housing Wire]

U.S. Senator Mike Braun wrote a letter to Ginnie Mae’s president asking for policy solutions to prevent a collapse of the secondary market HMBS program. [Listen for details]


Other Stories:

[Reverse Market Insight] Our monthly segment of RMI’s Market Minute.

[Journal Courier] Is downsizing worth it for retirees?

EPISODE #819
Can you afford health care in retirement? If not here are some options
[Cleveland.com]

Unable to afford healthcare in retirement? Here are some options retirees should consider in addition to a reverse mortgage. [Listen for details]


Other Stories:

[Redfin] Home listings surge in biggest increase in 3 years: Asking prices drop.

[CNBC] No Rate Cut: The Fed holds rates steady after hot inflation report.

EPISODE #818
Parent company of former HECM lender converts to Chapter 7 Bankruptcy
[Housing Wire]

A judge in the U.S. Bankruptcy Court for the District of Delaware has allowed the parent company of a former reverse mortgage lender to convert from Chapter 11 to Chapter 7 bankruptcy. Here’s why the conversion was granted by the court. Here are the details.


Other Stories:

[San Jose Mercury News] Elderly woman murdered in scam that involved a reverse mortgage

[Housing Wire] HUD’s proposed budget reveals reverse mortgage Congressional requests