MBA proposes seven reforms for the HECM and HMBS programs, including new securitization options and changes to mortgage ...

Taking out a reverse mortgage requires some due diligence on your and your lender’s part, similar to taking out a traditional ...

In turn, more retirees and near-retirees are asking the question of whether opening a reverse mortgage will be worth it in ...

A reverse mortgage can be a way for homeowners age 62 or above to access much-needed funds. It allows you to borrow against your home's equity to provide extra cash in your retirement years, which you ...

NRMLA sent HUD and FHA a detailed letter urging lower upfront MIP, HMBS index changes and new liquidity options for reverse ...

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are ...

A mortgage’s effective rate is applied not just to the loan balance, but also to the overall principal limit, which grows throughout the duration of the loan. How the effective rate is applied may ...

A reverse mortgage can provide a crucial stream of income to pay for long-term care costs, but there are some limitations. Some or all of the mortgage lenders featured on our site are advertising ...

For many older Americans, retirement isn't about staying put in their homes. It's a time for making a meaningful change instead. Some retirees want to downsize their home into a more manageable space, ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

Not all reverse mortgages are scams, but people exploring them should be extremely wary. Many reverse mortgage scams — carried out by unscrupulous parties from financial advisors to contractors — can ...

WEST PALM BEACH, Fla., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that ...