Waiting for the reverse mortgage surge
Whatever happened to the mainstreaming of reverse mortgages in retirement plans? That's a question addressed in a recent Wealth Management column...
reverse mortgage acceptance
The Sisyphus of Mortgages
The Uphill Battle for Market Acceptance Like the mythical phoenix, the Home Equity Conversion Mortgage industry rose from the ashes of the housing crash and economic crisis of 2008, followed by several reincarnations as the reverse mortgage program was tweaked, pruned, and curbed the pool of eligible borrowers. Yet,
Shutting Down: Why many reject the HECM
The hurdles to increased acceptance are complex Today there is an estimated $4.4 trillion in home equity for those 65 and older, many who are woefully unprepared for retirement. As HECM endorsements continue to underperform years past, many ask why more eligible homeowners do not get a reverse mortgage. A
A Change of Heart in Reverse
What changed the mind of one Chicago Tribune Columnist? It is admirable to have strongly-held beliefs. It is even more laudable when one changes their position based on new facts and insight. That’s exactly what happened for one Chicago Tribune financial columnist. “My views on reverse mortgages have become somewhat
Coming Out of Denial
“Refusal to believe until proof is given is a rational position; denial of all outside our own limited experience is absurd.” These words ring no truer than when it comes to those who embrace or reject the federal-insured reverse mortgage.
