What triggers repayment of a reverse mortgage?
An overview of the circumstances that trigger repayment of a home equity conversion mortgage.
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Tag: reverse mortgage
FHA tightens the reins on reverse mortgage lending — again
FHA reverse mortgage applicants now have to prove they can carry property costs.
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Counseling requirements for reverse mortgages applicants
Calif. Civil Code §§1923.2 and 1923.5 Amended by A.B. 1700 Effective date: January 1, 2015 A...
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FARM: Reverse mortgage smarts
Thinking about a reverse mortgage? Here’s what you need to know to find the best use for your home’s equity.
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Changes ahead for reverse mortgages
Taking out a reverse mortgage isn’t as easy as it used to be. The Federal Housing Administration...
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FHA nixes popular reverse mortgage program
The Federal Housing Administration (FHA) will no longer insure “standard” reverse mortgages through its Home Equity Conversion Mortgage (HECM) program. Standard reverse mortgages allow seniors 62 years and older to draw out…
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In person reverse mortgage counseling required
This act requires reverse mortgage counseling occur in person unless the borrower selects another method.
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Be an industry advocate: reverse mortgages
Do you think reverse mortgages should receive more regulatory oversight? Yes. (66%, 31 Votes) No....
Read MoreReverse mortgages may be a gilded ticket in the golden years
Homeowners age 62 or more wanting to downsize into a smaller, more manageable home can have their cake and eat it too by receiving a flow of income when they relocate. Of course, to be viable, their current larger-than-necessary...
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