The Mortgage Bankers Association (MBA) has sent a letter to the FHA/Ginnie Mae in response to a Request for Input (RFI) seeking comments on how to modernize and strengthen the Home Equity Conversion M ...

With the new reverse mortgage loan limit on its way, I know that originators are looking for a calculator that shows the $625,500 loan limit. IBIS published a sample calculator for RMD readers which ...

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The promise at the inception of the HECM reverse mortgage program was that the program would strengthen the retirement plans of homeowners with limited wealth. Inclusion of the HECM reverse mortgage ...

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

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 ...

Have you heard of a HECM loan? If not, let me share with you what it is and clarify if it is something you should consider. First of all, HECM which is pronounced “Heck-Em” stands for Home Equity ...

David Hill is an experienced journalist who has been reporting and editing for daily newspapers for more than two decades. His coverage areas are primarily business and local economic news, with a ...

What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living expenses. For retirees ...