Credit card debt robs retirees of their standard of living and peace of mind during in retirement. How can reverse mortgage borrowers who paid off credit card debt avoid falling into consumer debt again?
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Will FHA foreclosures tank US home prices? This week, we examine recent FHA foreclosure activity, underwriting standards, borrower debt, and the scope of FHA lending in the overall mortgage market.
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Being laid off late in life can have devastating financial consequences. Could a reverse mortgage help? A look at potential solutions.
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Here are two scenarios when a reverse mortgage may be a good fit and when it’s not. HELOCs and homebuying strategies for older homeowners.
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There is a growing consensus that the FHA and Ginnie Mae need reform. The key, however, is to strike a balance
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Here are three strategies house-rich baby boomers may choose to leverage the value of their home.
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Shockwaves continue to rattle our nation’s capitol as the Trump 2.0 administration and DOGE bring the proverbial wrecking ball. Now there are rumors of massive layoffs at HUD and FHA. Here’s what the experts anticipate…
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The latest case number assignments for HECM loans was released. Here’s what October’s application data reveals…
Continue readingMortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue readingCorrina Carter, president and founder at CMS Mortgage, told Mortgage Professional America she expects reverse mortgage could become an increasingly viable option for many in 2025 and beyond.
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