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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

‘Kosher’ Reverse Mortgages: Fixing a Dysfunctional Market

In this opinion piece, Wharton emeritus finance professor Jack Guttentag, who runs a website called The Mortgage Professor, offers suggestions on how the HECM market could ... As I became aware of how ... read more

The Mortgage Professor: Borrower decisions on a HECM reverse mortgages

Borrowers in the forward-mortgage market make similar decisions. There are no points on HECM reverse mortgages ... which is why identical transactions with different lenders can carry markedly differe... 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

The Mortgage Professor: Saving for home inspires discipline

The first is sold in a cash-on-the-barrelhead market and has no features that provide savings discipline. The second does have a savings discipline feature in that the amount that a senior can draw on ... read more

Fixing the Dysfunctional HECM Reverse Mortgage Market

But not enough homeowners do it because of a dysfunctional HECM market, as well as fear, ignorance and distrust of reverse mortgages that make seniors stay away, according to Jack Guttentag ... submit... read more

Expert Calls for Lower Costs on Reverse Mortgages Used in Retirement Plans

Writing on his Mortgage Professor blog, Jack Guttentag asserts ... plans to fill the gap,” Guttentag wrote. Recent reports about the state of the HECM portfolio — including the report last fall that p... read more

Mortgage Professor Unveils the Kosher HECM Reverse Mortgage(SM)

PHILADELPHIA, PA--(Marketwired - Aug 31, 2015) - Effective immediately, homeowners aged 62 or over can obtain a Kosher HECM Reverse Mortgage through ... The major differences are as follows: Jack M. G... read more

The Mortgage Professor: Why small home mortgage loans are hard to find

In the 1920s, before the Federal Government entered the marketplace, many mortgage loans had 5-year terms. Lenders originating HECM reverse mortgage loans earn ... ABOUT THE WRITER Jack Guttentag is p... 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

Navigating the Risks and Rewards of Reverse Mortgages and Financial Advice

A recent article from a well-known reverse ... Equity Conversion Mortgage community. “A borrower who uses a HECM to finance the purchase of an annuity may be a better credit risk than a borrower drawi... 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