These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

The Department of Housing and Urban Development recently published a new FAQ document for servicing questions related to HECMs. The FAQ includes 12 different questions that cover a range of topics. It ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

A reverse mortgage is designed for homeowners 62 or older that allows them to convert part of the equity in their home into ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

A reverse mortgage is a home loan that allows older homeowners to borrow against their home’s equity. Unlike a traditional loan, a reverse mortgage doesn’t require the homeowner to make monthly ...

Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

For many older Americans, retirement comes with a mix of financial security and new challenges. While Social Security provides a reliable income stream, it's rarely enough to maintain the lifestyle ...

Watermark Reverse Mortgage is a licensed lender specializing in reverse mortgage solutions for homeowners aged 55 and older. It offers loan products insured by the Federal Housing Administration (FHA) ...

South Carolina mortgage company hires industry vet to run the operation Movement Mortgage (Movement) now offers reverse mortgages under the leadership of Harlan Accola, Movement’s national reverse ...