While a reverse mortgage may be the ideal financial tool for some, for others, it's important to know there are alternatives worth exploring. Costs: One-time, up-front costs include origination fees, ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

Longbridge cuts its proprietary reverse mortgage rate to 7.99% and raises the principal limit factor to help seniors tap more ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

Sometimes the path to a better retirement isn’t about working more or saving harder. It’s about unlocking the resources you ...

Finance of America agreed to acquire the home-equity conversion mortgage servicing portfolio and certain reverse-mortgage assets from PHH Mortgage.

Explore how reverse mortgages can provide financial relief for retirees with limited income by leveraging home equity for tax ...

For many seniors, one of the biggest concerns when approaching retirement is what to do with their home. Two of the most common options are taking out a reverse mortgage or selling their home outright ...

If you hold a SafeRate reverse mortgage for ten years — about the industry-average holding period — you’ll pay around $2,785 ...

Oh, hi again. In today’s edition, we’re talking about a new reverse mortgage that promises rate stability for life, a ...