Is liquidating an IRA better than a reverse mortgage?

Should clients use home equity to fund retirement?

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EPISODE #748
Should I plan to liquidate my IRA and get a reverse mortgage?

[NewJersey-com ] One reader asks a local financial columnist if it’s better to liquidate her IRA as her own private reverse mortgage. The implications are stark…

Other Stories:

  • Retirement Delays Create Challenges for Plan Sponsors Highlighting Opportunities for Financial Professionals and Consultants

  • Advisor’s Edge: Should clients use home equity to fund retirement?

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Reverse mortgages a saving grace for non-bank originators

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EPISODE #747
Lenders who diversify product offerings more likely to survive market fallout & lender consolidation

[Housing Wire] Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, mergers, or failures in the wake of the double whammy of still-rising inflation and interest rates. One asset group company is focusing on working with nonbank originators to offer additional asset classes such as HELOCs, second-liens, or reverse mortgages…

Other Stories:

  • Nutter Home Loans gives details on shutdown and lawsuit

  • AARP: Sooner than later it’s time to talk about housing needs late in life

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What happened to September HECM Endorsements?

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EPISODE #746
AAG cuts workforce- Finance of America to close forward division

A rapidly-changing market has led two of our industry’s largest lenders to make big changes. One reduces its reverse mortgage workforce, another will close its traditional/forward division and focus on its productive reverse mortgage channel.

Other Stories:

  • Finance of America Mortgage closes forward unit- reverse remains the focus

  • Reverse Market Insight’s monthly market update

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Hurricane Ian traumatized Floridians & their home nestegg

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EPISODE #744
The CFPB wants to hear from you

The Consumer Financial Protection Bureau (Bureau or CFPB) is seeking comment from the public about (1) ways to facilitate mortgage refinances for consumers who would benefit from refinancing, especially consumers with smaller loan balances; and (2) ways to reduce risks for consumers who experience disruptions in their financial situation that could interfere with their ability to remain current on their mortgage payments. The press release refers to this solicitation as a Request for Information (RFI).

Other Stories:

  • Don’t Be Complacent During The “Critical Retirement Decision” Zone

  • Hurricane Ian traumatized Floridians. It also erased their nest egg

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A closer look at September’s HECM Endorsement data

Fannie Mae dark days ahead for housing market

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EPISODE #743
Moodys says these 210 housing markets could crash 25-30%

[Fortune] “Moody’s Analytics expects that U.S. home price decline to widen to between 25% to 30% in 210 “significantly overvalued” housing markets.

Other Stories:

  • Homebuilder sell-off to impact neighborhood home values

  • A closer look at September’s HECM Endorsement data

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Analyst who predicted 2008 crash sees home values going down this much

reverse mortgage sales

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EPISODE #739
The most effective product messaging for reverse mortgages

[Reverse Mortgage Daily] In RMD’s most recent podcast Chris Clow interviews one originator who’s found what he sees as the most effective approach to reverse mortgage communication.

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Other Stories:

  • Protect Your Retirement Income from Inflation

  • [Fortune] ‘Poison’ Ivy Zelman—the analyst who predicted the 2008 housing bust—sees U.S. home prices falling in both 2023 and 2024. Here’s how much

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