Tag Archives: Reverse Mortgage

Homeowners over the age of 60 increased their housing wealth by $177 billion in the first quarter of 2018, a report found. Here’s why mortgage debt for this group remains low despite rising equity.

As the National Wholesale Account Executive, Dunn will be working with a team of mortgage professionals to increase UFFWest's presence in the market.

The reverse mortgage market experienced a major uptick in January, followed by a notable decline in February. Here’s why.

An index that gauges the country’s retirement risk shows that while rising home prices and stock market gains have decreased the risks associated with retirement, today’s working-age population will need to save more or work longer to retire comfortably.

In a recent brief the Consumer Financial Protection Bureau (CFPB) examined the financial tradeoffs of entering into a reverse mortgage at the age of 62.

American homeowners aged 62 and older saw a significant jump in home equity. What could be driving this increase, and is it poised to continue?

Seniors are sitting on trillions in untapped equity. A recent report noted that retirement-aged homeowners saw an increase of 2.8 percent in home equity, or $170.7 billion, in Q4 2016. This puts their total housing wealth at $6.2 trillion. However, many seniors are still unwilling to tap into this wealth.

The Consumer Financial Protection Bureau alleged that the three companies engaged in deceptive advertising practices described in the Bureau's study on reverse mortgage advertising released last year.

Walter Investment Management Corp., has agreed to pay $29.63 million to resolve allegations that the company and its subsidiaries submitted false reverse mortgage loan claims, the Justice Department announced on Friday.

Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.