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The State Controller’s Office has announced applications for deferment of 2020-21 property taxes will be available sometime this month.
Repayment under the PTP program becomes due when the homeowner
HUD announces software changes for COVID-19.
Portfolio managers concerned about transparency in Distressed Asset Sales.
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What’s the magic ingredient for significant reverse mortgage growth? Michael Kent shared his views on the keys to future industry growth in his recent interview with Reverse Mortgage Daily. Plus- Shannon Hicks reveals some shocking statistics from the heyday of reverse mortgage lending.
The loss of employer-sponsored health insurance can be a serious concern.
Preventing future impoverishment with a reverse mortgage.
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Thanks to historically low interest rates, reverse mortgages have new appeal for people in or nearing retirement who need cash but can’t afford monthly payments on a loan.
“With retirement, low interest rates usually make everything worse. They make retirement more expensive,” said Wade Pfau, a professor at the American College of Financial Services. “The reverse mortgage is the only tool I’m aware of that benefits from low interest rates.”
A 57-year-old nurse with no retirement savings needs a plan.
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Outside of lacking its own standing army, some argue that California is acting as an independent nation-state- that in the wake of several state mandates, some which directly contradict federal regulations. Well, the Golden State may be creating its own version of a federal consumer watchdog agency.
A ‘Villager’ in the planned senior community ‘The Villages’ pleaded for help with an eyesore home on her street with a reverse mortgage.
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Forbes: Housing as a solution to the retirement crisis: ‘There are three pillars to retirement; your home, retirement savings and social security. Independently, none of these are adequate for the average American
[From Open PR] Kyle Johnson, son of Nichelle Nichols, the iconic Star Trek star, filed a countersuit against his mother’s manager Gilbert Bell. The suit accuses Bell of elder abuse, theft, fraud, and additional charges related to Bell’s bilking Nichols of significant assets including appearance fees, her pension, Social Security, and her Woodland Hills, CA home.
The countersuit alleges that in 2012, Bell temporarily moved into a second house on Nichols’ property and continues to live in the house under a fraudulent lease and a succeeding invalid reverse mortgage.
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More financial planners are giving reverse mortgages a serious look as the coronavirus pandemic wreaks havoc with retirees portfolios.
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A recent CFPB action against a Chicago non-bank lender could potentially impact reverse mortgage advertising. The complaint centered on claims the lender engaged in redlining- a practice in which a lender discourages potential applicants who live in specific disadvantaged or poor neighborhoods from applying.
