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JACK GUTTENTAG: Why the HECM Reverse Mortgage Market Is Stunted

During my lifetime, retirement planning has become more and more challenging. People are living a lot longer, which makes retirement periods longer, and fewer people retire with employer-provided defi... read more

Borrower decisions on HECM reverse mortgages

Borrowers in the forward market make a similar decision on the loan amount. There are no points on HECM reverse mortgages, only origination ... so keep tuned. • Contact Jack Guttentag via his website ... read more

Mortgage Professor Unveils the Kosher HECM Shopper's Assistant

The HECM reverse mortgage market now has two segments ... will be satisfied with the lender's explanation of why that happened. The HSA includes tips for dealing with low-ballers. Jack M. Guttentag is ... read more

Reverse mortgages are not the next subprime

These actions are the reasons why, until recently, reverse mortgages never caught on ... issues exist regarding who should take out an HECM and when they should do so. Seniors face hazards in this mar... read more

A New Challenge to HUD’s Reverse-Mortgage Program

The Home Equity Conversion Mortgage (HECM) reverse-mortgage program ... The simplest remedies should be tried first. Jack Guttentag is professor emeritus of finance at the Wharton School of the Univer... read more

Protecting borrowers in dysfunctional markets a major challenge

An important example is the HECM reverse mortgage market, which may be the most dysfunctional and ... we are prepared to license it and service it at no cost to the agency. • Contact Jack Guttentag vi... read more

The Mortgage Professor: Don’t expect much from unregulated regulators

We were upgrading our reverse mortgage calculator to handle house purchases by seniors. In 2008, Congress extended the Home Equity Conversion Mortgage, or HECM, reverse mortgage ... No response was re... read more

New Version of the Kosher HECM Reverse Mortgage Calculator

PHILADELPHIA, Oct. 5, 2017 /PRNewswire/ -- Mortgage Professor LLC has released the latest version of its unique Kosher Reverse Mortgage Calculator designed for ... will act as ombudsman for the senior ... read more

Bashing reverse mortgages and Trump pick is wrong

Total foreclosures of HECM ... is why most people view it with distaste, look askance at the lenders who execute it even as a last resort and abhor lenders who, for self-serving reasons, execute more ... read more

Afraid you may outlive your money? Use your home equity to prevent it, but do it now!

They can use the HECM reverse mortgage program to generate an income stream that ... This unusual opportunity has never existed before, and may not ever exist again. Jack Guttentag is professor emerit... read more

Bashing reverse mortgages and Trump pick is wrong

Total foreclosures of HECM ... is why most people view it with distaste, look askance at the lenders who execute it even as a last resort and abhor lenders who, for self-serving reasons, execute more ... read more

Should Retirees Buy a Home With a Reverse Mortgage?

But there's another opportunity, often overlooked: Get a reverse mortgage on the new home. With a reverse mortgage, you borrow against the ... but not in their current house," says Jack Guttentag, a r... read more