New York State’s eviction moratorium, first enacted in 2020, is set to expire next month. Here’s what homeowners can expect in the coming month…
Continue readingDeadline extended for feedback on HECM Handbook
Mortgage Relief for California HECM Borrowers
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EPISODE #702
California’s new mortgage relief bill may provide relief to reverse mortgage borrowers.
Governor Gavin Newsom today announced that California’s plan to provide $1 billion in mortgage relief grants to tens of thousands of homeowners who have fallen behind on housing payments or reverse mortgage arrearages during the COVID-19 pandemic…
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10 Lessons Learned in 2021
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Reverse Market Insight’s Market Minute with Jon McCue
RMs can bring a whole new approach to estate planning
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EPISODE #701
Canada’s Home Equity Bank exec says reverse mortgages can bring a whole new approach to estate planning
“I think that there’s an opportunity for reverse mortgages to put the whole landscape of estate planning on its ear”, said Andrew Cairns, National Lead of Wealth Management at HomeEquity Bank
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700 Episodes & 13 years later- A look back at the HECMWorld Weekly podcast
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HECM Counseling in Massachusetts could stop immediately. Here’s why.
Why do so many seniors still have a mortgage?
A number crunch by credit reporting agency Centrix brought up a truly remarkable statistic. They found 8 percent of people in the Silent Generation aged 76 or over still had mortgages.
Continue readingReverse Mortgages: Easy ‘Income’ For Affluent Retirees
Reverse mortgages can provide an essential risk management tool for millions of retirees, especially the affluent homeowner.
Continue readingSuze Orman says don’t take a reverse mortgage in your 60s
Suze Orman says not to get a reverse mortgage in your 60s. Is that truly the best advice?
Continue readingInflation is back! What retirees can expect
What you thought you could live on in retirement may cost quite a bit more thanks to inflation…
Continue readingAdvisor lists five ways to measure a reverse mortgage’s effectiveness
There are five key metrics that a prospective borrower should likely keep in mind before making a decision about whether or not to proceed with a reverse mortgage. So says Financial advisor Robert Klein in Reverse Mortgage Daily’s summary of his recent video on The Street.
Continue readingThe HECM’s 2021 performance likely best 2020
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EPISODE #695
It’s less about preserving equity and more about cash flow
With millions of first-time homebuyers finding few suitable housing options and tenants enduring the ravages of rent hikes, some are sitting on a mountain of home equity whilst needing a significant boost to their monthly cash flow.
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HECM is an important part of HUD providing housing stability- MMI fund may show marked improvement
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How To Avoid Reverse Mortgage Lending Traps
Few worried about a housing bubble- just like last time
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EPISODE #694
CNN Business: No one seems worried about a housing bubble. Just like last time the bubble burst
Good news. Few economists, if any, believe that the housing market will crash. The bad news most experts believed the same in the months and years leading up to the 2008 housing market crash.
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If You Get This Message About Your Mortgage, Contact Authorities, FBI Says
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Another lender is offering a reverse mortgage for Generation X
