There’s one reason some older homeowners may not be downsizing. A look at the tax trap that has many homeowners staying put.
Continue readingThe Tax Trap that has Homeowners Staying Put
New Illinois bill prompted by reverse mortgage home improvement scam
One Illinois scammer was so prolific in victimizing older homeowners tricking them into a reverse mortgage that it prompted the State Assembly to draft a new bill.
Continue readingSet the Bar High But Don’t Overreach
We’ve been told to set the bar high and we should. However, there’s one mistake we want to avoid in our quest for excellence.
Continue readingWhat Led to California’s Insurance Exodus
A look at the factors that led to several insurance companies choosing to no longer offer policies in the Golden State.
Continue readingFixing the Housing Market is a Two-Edged Sword
Delivering emergency price relief to would-be American homebuyers came to the forefront with President Trump’s recent executive order on housing. If successful, we look at the implications on homeowners, seniors aging in place, and future homebuyers.
Continue readingPresident Trump names acting HUD Secretary
A look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingHow to Prime the Pump to Get Stuff Done
Do you have moments when you struggle to get started on a task? I so, here are five ways to prime your pump and get more stuff done!
Continue readingHMBS 2.0, where art thou?
It was hoped that Ginnie Mae’s new HMBS 2.0 (a revamped HECM mortgage-backed securities program) would be released in 2024. This week an update on the HMBS 2.0 program’s progress and the role MBS play in reverse mortgage lending.
Continue readingRetirees Should Watch for These 3 Trends in 2025
2025 is the year to watch for numerous reasons. An incoming presidential administration, the trajectory of inflation, and economic growth or retraction–each contributing to older American’s retirement experienceHere are three things that retirees will want to watch for in 2025.
Continue readingWhat LA wildfire victims with a reverse mortgage need to know
Here’s what LA fire victims with a reverse mortgage need to do and how servicers can help.
Continue reading