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...]
Retirees Turn to Reverse Mortgages Amid Rising Property Taxes, Advises Financial Planner
In a recent blog post highlighted by MarketWatch, a retired public school teacher from the Pacific Northwest shared his concerns about managing rising property taxes[more...]
David Peskin Acquires Ownership Stake in HighTechLending to Expand Reverse Mortgage Offerings
In a significant move within the reverse mortgage industry, David Peskin, a seasoned professional with a history at Senior Lending Network and Reverse Mortgage Funding[more...]
Ginnie Mae Advances Reverse Mortgage Initiatives with New MBS Exploration
Ginnie Mae is actively assessing the potential for a novel securitization product aimed at enhancing the scope of its Home Equity Conversion Mortgage (HECM) mortgage-backed[more...]
Jim Milano Discusses Transition to McGlinchey Stafford and Ongoing Commitment to Reverse Mortgage Industry
In a notable transition earlier this year, attorney Jim Milano made the strategic move to join the law firm McGlinchey Stafford, departing from his longstanding[more...]
Unlocking the Potential of Compound Interest for Retirees
In the realm of retirement planning, the concept of compound interest has long been associated with starting early to reap its maximum benefits. But what[more...]
Exclusive Interview with an AI Startup Founder: Revolutionizing Reverse Mortgages with ReverseMortgage.AI
Exclusive Interview with an AI Startup Founder: Revolutionizing Reverse Mortgages with ReverseMortgage.AI In an exclusive interview with Reverse Mortgage News (RMN), we had the privilege[more...]
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