Being laid off late in life can have devastating financial consequences. Could a reverse mortgage help? A look at potential solutions.
Continue readingLaid Off at 61: Now What?
When a reverse mortgage is a good idea- and when it’s not
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.
Continue readingReforms are Needed: Not Amputations
There is a growing consensus that the FHA and Ginnie Mae need reform. The key, however, is to strike a balance
Continue reading3 Home Equity Strategies for Boomers
Here are three strategies house-rich baby boomers may choose to leverage the value of their home.
Continue readingColossal Cuts of HUD/FHA Staffing Expected
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…
Continue readingHow a Reverse Mortgage Paid Off Twice!
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingCFPB employees told to halt most work
Employees of the CFPB will have a lot of time on their hands. Scott Bessent, confirmed as Treasury secretary is now the bureau’s acting director who told CFPB employees to halt most work.
Continue readingPresident Trump names acting HUD Secretary
A look at President Trump’s recent executive order addressing America’s housing affordability crisis and what it means for current and potential reverse mortgage borrowers.
Continue readingCould DOGE spell the end of the CFPB and defund HUD?
Could DOGE (The Department of Government Efficiency) spell the end of the CFPB and partially defund HUD? Will the incoming Trump administration use a hatchet or a scalpel when cutting the size of government?
Continue readingFHA Announces the 2025 HECM Limit
Mortgagee Letter 2024-22 was released on November 26th announcing the new HECM limit which will be in effect for 2025.
Continue reading