Finance of America Reverse President Kristen Sieffert penned a guest column in Kiplinger.com that exposes the problems in bequeathing a house to heirs and the unanticipated problems that can follow.
Continue readingPossible Class-Action on Equity-Sharing program
Class Action-org is asking residents of Florida, New York, or Ohio who entered into an equity sharing agreement with Unison to contact them.
Continue readingHECMs could go mainstream if Congress does this
Reverse mortgages could finally become a mainstream option if these reforms are enacted by Congress…
Continue readingSeniors say Social Security raise doesn’t keep pace with inflation
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EPISODE #763
Over half of seniors say Social Security raise doesn’t keep pace with inflation
A new survey found over half of seniors don’t believe the recent 8.7% Social Security cost of living adjustment keeps up with rising prices.
Other Stories:
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[HECMWorld ] Reverse Market Insight’s Market Minute with Jon McCue
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[ReverseMortgageDaily] Fairway names new division head and team leadership roles
Ginnie Mae Adjusts Reverse Mortgage Securitization Program
In the wake of the bankruptcy of Reverse Mortgage Funding Ginnie Mae announced a historic change to the minimum pool size of HECM Mortgage-Backed Securities (HMBS)..
Continue readingExperts: what homeowners should do in a softening market
Are we headed for a major market crash? Are there things to consider like reverse mortgages to help weather eroding market conditions? Several experts weigh in with their advice…
Continue readingReverse borrowers encouraged to seek assistance
The office of the California Attorney General Rob Bonta published an alert last week encouraging state residents impacted by the Covid-19 pandemic to seek assistance to repay house payments.
Continue readingShould I sell and rent or get a reverse mortgage?
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EPISODE #730
Should I sell and rent or get a reverse mortgage?
One 82-year-old woman writes a Money Sense columnist saying her savings are draining fast and she wants to know if she should move & rent or consider a reverse mortgage.
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Social Security Recipients Could Get a Massive 11% Raise Next Year (Money.com)
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Why the housing market is weaker than it appears
Alternatives to Social Security for retirement cash flow
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EPISODE #724
Alternatives to Social Security that provide income in retirement
There are several ways to generate income or cash flow in retirement; some are completely overlooked…
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New York issues letter to those originating co-op reverse mortgages
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Most will age in place says Freddie Mac’s research brief
A stock market downturn can wreck retirees’ savings. How to combat the risk
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EPISODE #707
A lasting stock market downturn can be a big problem early in your retirement. How to combat that risk
[CNBC | Sarah O’Brien] The major indexes have had a rough week.
“If there’s a downturn early on, it can derail a whole retirement plan,” said Wade Pfau, a professor of retirement income at the American College of Financial Services.
Other Stories:
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Reverse Market Insight’s Market Minute
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Retirees Can Expect To Pay More For Health Care In 2022