Lender Price added Finance of America as its first reverse mortgage partner, offering live HECM and HomeSafe pricing to ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

The unique economic climate of 2024 is quickly coming to close. While inflation finally dropped this year and interest rate cuts were issued for the first time since 2020, the American economy still ...

While a reverse mortgage may be the ideal financial tool for some, for others, it's important to know there are alternatives worth exploring. Costs: One-time, up-front costs include origination fees, ...

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

Older adults face distinct financial challenges as they approach their retirement years, especially if their income declines. Fortunately, if they've gained equity in their homes, they can take out a ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

Although some seniors can benefit from a reverse mortgage, there are pitfalls to know about. There are numerous fees associated with a reverse mortgage. Speak to a financial advisor before committing ...

Sometimes the path to a better retirement isn’t about working more or saving harder. It’s about unlocking the resources you ...

Many Americans are retiring with less cash than they would like. But in some instances, that can be offset by unexpectedly large — yet welcome — boosts in their home values. Financial planners ...