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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

California Poised to Take Center Stage in Private Reverse Mortgage Market

As new proprietary reverse mortgage ... potential market for borrowers looking for home equity-tapping options outside of the federal program. Favorable tax laws, high property values, and a large ret... read more

Breaking the logjam on HECM reverse mortgages

Yet most retiring seniors own homes in which they have significant equity, which could be unlocked by taking a HECM reverse mortgage. The need is great and the potential size of the HECM market is eno... read more

The Mortgage Professor: Finding the best deal on an HECM reverse mortgage

I recently realized, however, that with reverse mortgages, it was more meaningful ... Right now, I don’t know why the spread on tenure payments is much smaller than on other HECM uses. • Obtain the la... 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

The Risks Of Reverse Mortgages

Why might ... of the mortgage market where most reverse mortgages are held. Mortgages of all types may be riskier than we realize. Tenure payments last the life of the mortgage, not the life of the re... read more

New Reverse Mortgage Rules Protect Widow(er)s From Eviction

HECMs, which are FHA insured, are one of three types of reverse mortgages on the market for seniors, but they have by far the largest share of the market. The new provision in the HECM ... why borrowe... 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 ... the reverse mortgage borrower must make is the loan provider. However, most of them ... read more

4 ways to buy a house with a reverse mortgage

Prior to 2008, a senior who wanted to combine a house purchase with a reverse mortgage ... future HECM debt is lower than in option one, that reflects the lower initial rate on adjustable rate HECMs r... read more

Seniors scramble to beat reverse mortgage deadline

"If this doesn't happen, FHA will have to answer to why they tried to sweep this issue under the rug and affect thousands of senior citizen homeowners' ability to obtain a HECM loan" under ... a more ... read more

Reverse Mortgage Borrowers Younger and in Debt

[See Why Reverse Mortgage Delinquencies ... MetLife's Mature Market Institute in partnership with the National Council on Aging. "Since then, the average age of these borrowers has fallen to age 73 du... read more

Trailing Doc, Tax, and Reverse Products; Vendor News; New Lender Programs

If your company doesn’t have a dedicated vendor manager, who’s in charge of deciding if, why ... reverse mortgage products fill borrower needs not addressed by HECMs and insulate reverse mortgage oper... read more