What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

Major servicers face class action claiming prohibited fees inflated HECM loan balances, risking older homeowners’ equity and ...

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

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

Plaintiffs claim reverse mortgage companies added prohibited costs to HECM loans, violating federal rules and HUD fee limits.

Jay Nauta is recognized for outstanding performance and dedication to reverse mortgages in Florida. JACKSONVILLE, FL, ...

The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.

HECM for Purchase lets buyers 62+ finance homes without monthly payments, avoiding 401(k) withdrawal risks and penalties.

The principal limit factor (PLF) condition in the Mortgagee Optional Election (MOE) Assignment is a relief-killer condition. That is why calling the MOE Assignment “a relief” for existing surviving ...

My last couple of posts, beginning with The Mortgage is Dead; Long Live the Reverse Mortgage, have extolled the virtues of the improved FHA HECM reverse mortgage products. Given that the typical ...

The U.S. population is older today than ever before, with people over 65 outnumbering children for the first time in history. Every day, around 12,000 individuals reach their 65th birthday! This shift ...