For many older Americans, retirement isn't about staying put in their homes. It's a time for making a meaningful change instead. Some retirees want to downsize their home into a more manageable space, ...

Outlining a reverse mortgage scenario in which a couple uses a reverse mortgage in order to buy a second home, columnist Tom Kelly shows the merits of using a reverse mortgage to purchase a new ...

According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its ...

Retirees often struggle to operate on a fixed income — but today's economy, with its rising prices and increasing costs of living, makes things even harder. Fortunately for homeowners, there are ...

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A reverse mortgage is a home loan that allows older homeowners to borrow against their home’s equity. Unlike a traditional ...

If you watch any television, you’ve likely seen well-known voices, like actor Tom Selleck, touting reverse mortgages as a valuable tool for anyone in retirement. This financial product allows property ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program.

While inflation is down from a year ago, it has recently started to creep back upward again. When you throw in high interest rates and declining wage growth, many Americans are feeling the financial ...

Ever since the federal government initiated the reverse mortgage program in the late 80s, confusion and controversy have surrounded the financial product. On the one hand, lenders employ high-profile ...

Finance of America agreed to acquire the home-equity conversion mortgage servicing portfolio and certain reverse-mortgage assets from PHH Mortgage.