Reverse mortgages are a popular way for seniors to access needed funds. In a reverse mortgage, you are, in essence, incrementally selling your home back to a lender with the proceeds set up as a line ...

In case you missed it…here’s what happened in reverse mortgage news this week. RMD was at the the National Reverse Mortgage Lenders Association annual conference in Boston, where we heard from lenders ...

A reverse mortgage is a type of home loan for seniors ages 62 and older. Browse Investopedia’s expert-written library to learn about how they work and more.

Editor’s note: Reverse Mortgage Daily will be observing the Labor Day holiday Monday, September 7, but we will return to our normal posting schedule Tuesday, September 8. In the meantime, all of us ...

In response to rapid growth in the number of seniors applying for reverse mortgages, the U.S. Department of Housing and Urban Development has issued a notice expanding the network of counselors ...

The 6-month reverse mortgage rule is an important one to understand, as it can make or break your estate plans.

Reverse mortgage lenders are stretched thin to the point of having to turn borrowers away amid a surge in demand from seniors rushing to get loans before Department of Housing and Urban Development ...

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. — Senior ...

WASHINGTON (AP) — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with ...

The Department of Housing and Urban Development has thrown out a rule it put in effect in 2008 for reverse mortgages, which was causing grief for some homeowners and their heirs. The rule reversal ...