Month: October 2023
Demystifying Reverse Mortgage Fees: A Comprehensive Guide (With Estimated Costs)
Introduction Reverse mortgages have emerged as a valuable financial tool, especially for seniors looking to tap into their home equity without selling their homes. However,[more...]
CFPB’s Reverse Mortgage Borrower Assistance Falls Short, Says Guttentag
The Consumer Financial Protection Bureau (CFPB), armed with regulatory authority over the national reverse mortgage industry, is not adequately utilizing its power to guide consumers[more...]
Retirement Revolution: How Homeowners Are Harnessing Home Equity for Financial Freedom
The retirement landscape is undergoing a transformation, ushering in a fresh approach to securing financial freedom during one's golden years. Homeownership, traditionally synonymous with stability,[more...]
Senior-Held Home Equity Surges to $12.7 Trillion in Q2 2023, Rebounding from Previous Decline
In a positive turnaround, senior-held home equity witnessed an impressive resurgence in the second quarter of 2023, surging by $820 billion to reach a total[more...]
Embracing the AI Revolution: How Advanced Algorithms Could Transform the Reverse Mortgage Industry
The continuous evolution of advanced algorithms, often referred to as "artificial intelligence" (AI), is a topic of significant disruption within the technology sector. Giant multinational[more...]
Retirement Savings Challenges: 22% of Americans Report No Contributions in Past Year, Bankrate Survey Finds
A recent survey conducted by Bankrate has shed light on the retirement savings habits of American workers, revealing that nearly a quarter of them have[more...]
Government Strikes Last-Minute Deal to Extend Reverse Mortgage Industry’s Lifeline
In a surprising turn of events, Congress reached a funding agreement mere hours before a critical deadline, effectively extending government support for the reverse mortgage[more...]
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