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Reverse mortgage securities fall to near 5-year low

New View said February’s total is consistent with the overall downward trend of reverse mortgage securities, calling the latest totals “Groundhog Day” for the HECM securities market as the market ... read more

Low Reverse Mortgage Securities Production is the ‘New Normal’

The reverse mortgage industry ... and the trend has trickled down into the securities market. Issuers of Home Equity Conversion Mortgage-backed securities (HMBS) saw production of new, original loan ... read more

Reverse Mortgages

A reverse mortgage can be part of a long-term financial strategy, says Nelson. For example, one of Nelson’s clients lost his job at age 64 and didn’t want to claim a substantially lower social ... read more

10 things you should know about reverse mortgages

"I tell people to look at four things: Your financial strategy, your health requirements, your financial security ... get a reverse mortgage as part of a scam, but they may not catch all the ... read more

Reverse mortgage now comes with stricter underwriting process

If potential borrowers fall short ... It's also important to remember that reverse mortgage payouts also can affect a borrower's eligibility for means-tested benefits programs, such as Supplemental ... read more

Do reverse mortgages help out?

A reverse mortgage line of credit ... California residency, low property taxes and living to age 95. Mr. and Mrs. Housepoor. This couple is already retired, ages 77 and 76, with $2,000 a month in ... read more

Take a second look at reverse mortgages

Six years later, experts are singing — even in light of a still-depressed housing market — a slightly different tune, telling retirees and pre-retirees they will have to consider many tactics, ... read more

Mortgage rates fall to 4-year low

Mortgage rates are down for a sixth straight week, a sign that the government's latest efforts to break up the credit market logjam are working. The average 30-year fixed home loan rate fell to 5.47% ... read more

A decade after the financial crisis, this retirement dilemma still hasn't been solved

That challenge — combined with record low interest rates — has ... five or 10 years of their life, they will fall off of a financial cliff and all they will have is Social Security benefits," Harris ... read more

Reverse mortgages set to move forward

A recent tightening of the pension asset test, volatile equity markets and low interest rates are expected ... ASIC, the nation's securities regulator, warns a reverse mortgage is a complex product ... read more

Reverse mortgage securities fall to 4-year low

The latest data on HECM-backed securities reveals that issuance fell in November to $521 million, hitting the lowest level in four years. According to a report from New View Advisors, only 84 pools ... read more

What you should know about reverse mortgages

He's got a $50,000 balance on his mortgage, which costs him $1,000 a month. He wants to retire but knows that he'll only receive $2,000 a month from Social Security ... Most reverse mortgages are made ... read more