A new problem has been reported at a dead Villager’s home with a reverse mortgage. The property at 2051 Thurmond Ave. in the Mount Vernon Villas in the Village of Liberty Park was the subject of a ...

Consumer Reports investigation reveals those loans all too often lead to financial ruin. Reverse mortgages are loans aimed at people 62 or older and work like this:- You cash in some of the equity in ...

WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed ...

A reverse mortgage must be paid back when the borrower dies, moves out of the home or stops fulfilling the terms of the agreement, such as paying property taxes. You might choose to get out of a ...

Reverse mortgage counseling is an important part of the process in the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program, and while the industry and ...

Government housing officials report that 46,000 reverse-mortgage borrowers under the government's insured loan program were delinquent on their loans as of July. This total is more than 50 percent ...

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 can be useful in some cases. When it comes to reverse mortgages, the first note should always be one of caution. These are extremely popular vehicles for scams and fraud, both ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the ...

Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other ...

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at ...