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

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.

Reverse mortgages can be complicated and expensive, so it’s crucial to shop around. To simplify things as you compare reverse mortgages, we’ve rounded up a list of the best reverse mortgage lenders to ...

With elevated mortgage rates having persisted over the past two years, Federal Reserve Chair Jerome Powell indicated recently that a cut to the federal funds rate at this month’s meeting of the ...

A reverse mortgage allows older homeowners to tap their home’s equity and receive tax-free payments. Many reverse mortgage borrowers use these payments to supplement retirement income. The most common ...

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

Homeowners can tap into their equity and receive monthly payouts when they want to retire. Reverse mortgages make this possible and don’t require a credit score or income. A single-purpose reverse ...

Mar. 27--Once shunned by many as too risky, reverse mortgages have made a comeback as some cash-strapped seniors tap their home equity to replace savings battered by Wall Street's meltdown. Sales of ...

Reverse mortgages may very well be the most unique of all mortgage types. Unlike traditional mortgages, these don’t require monthly payments that you send off to your lender. Instead, it’s you that ...

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. A reverse mortgage ...

The names and details mentioned in this article have been changed to preserve anonymity. Jessica Olstrom was looking for extra cash to pay off mounting bills. She went to Equity Builder Mortgage to do ...

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 ...