Category: Reverse News
Government Shutdown Impacts Housing Programs — Financial Regulators Remain Operational
As the federal government shutdown continues, significant impacts are beginning to emerge across key housing agencies and programs. While financial regulators remain fully operational, many[more...]
Are There Consequences If I Use My 401(k) to Save My Mom’s Home with a Reverse Mortgage?
Scenario:A 65-year-old adult wants to use funds from their 401(k) or future Required Minimum Distributions (RMDs) to pay off their mother’s reverse mortgage. The mother[more...]
HUD Seeks Public Input on the Future of HECM and HMBS Programs
The U.S. Department of Housing and Urban Development (HUD) is asking industry stakeholders, consumer advocates, and the public to weigh in on the future of[more...]
Single-Purpose Reverse Mortgage: What It Is, How It Works, and When It Makes Sense
For many older homeowners, years of paying down a mortgage — combined with rising property values — have created a powerful financial asset: home equity.[more...]
Government Shutdown Freezes New HECM Endorsements, Payments Continue
The federal government shutdown has brought the endorsement of new Home Equity Conversion Mortgages (HECMs) to a standstill, though existing borrowers will continue receiving their[more...]
Fairway Moves Deeper Into AI with OpenAI Partnership, Names New EVP to Lead Initiative
Fairway Independent Mortgage Corporation is making a decisive move into artificial intelligence, announcing a new strategic partnership with OpenAI — the research company behind ChatGPT.[more...]
Understanding the 60% Reverse Mortgage Rule and Its Impact on Borrowers
As living costs continue to climb and debt pressures grow, older homeowners are increasingly turning to home equity as a financial resource. Reverse mortgages —[more...]
How Much Can a 70-Year-Old Borrow with a Reverse Mortgage Today?
Many retirees today find themselves in a unique financial position: rich in home equity, but limited in monthly income. With pensions fading and Social Security[more...]
Why One Economist Is Betting on Seniors’ Home Equity
Christopher Mayer’s career has spanned academia, policy, and business leadership. With a Ph.D. in economics and early work at the Federal Reserve Bank of Boston,[more...]
Fairway Debuts Hybrid eClosings for Reverse Mortgages
Fairway Independent Mortgage Corporation has become the first lender to introduce hybrid eClosings for reverse mortgage borrowers, bringing a digital innovation long used in forward[more...]
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