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Reverse Mortgage

Keeping Tabs on a HECM Reverse Mortgage: A New Tool For Seniors

Jack M. Guttentag | Posted 02.06.2017 | Business
Jack M. Guttentag

Sheila P. took out a HECM reverse mortgage in 2010 when she desperately needed additional income, even though her home in Nevada had fallen sharply in...

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared

Jack M. Guttentag | Posted 01.24.2017 | Business
Jack M. Guttentag

The combination of increased longevity and declines in the coverage of defined benefit pension plans means that increasingly retirees risk running out...

Foreclosures of Reverse Mortgages Are Different

Jack M. Guttentag | Posted 12.26.2016 | Business
Jack M. Guttentag

The headline on Bloomberg News as reported by National Mortgage News caught my eye. It read "Mnuchin's Reverse Mortgage Woes Blemish Record of Treasur...

How Senior Homeowners Can Hedge Property Value Risk

Jack M. Guttentag | Posted 11.28.2016 | Business
Jack M. Guttentag

Part of the motivation to be a homeowner is the opportunity to accumulate growing equity in a home. Equity growth, however, is heavily influenced by m...

Reverse Mortgages: Unintended Consequences

New York Legal Assistance Group | Posted 11.04.2016 | New York
New York Legal Assistance Group

Reverse mortgages are designed to allow older homeowners to convert some of the equity in their homes into a loan that will enable them to remain in their homes for the rest of their lives.

What Happens to the House That Secures a Reverse Mortgage?

Jack M. Guttentag | Posted 11.01.2016 | Business
Jack M. Guttentag

My answer to this question applies to the HECM program administered by HUD, with investors in the mortgages insured against loss by the Federal Housin...

Prepare for Retirement Emergencies with a HECM Reverse Mortgage

Jack M. Guttentag | Posted 10.10.2016 | Business
Jack M. Guttentag

In a recent article on this topic in US News and World Report, Emily Brandon discussed three common emergencies that the elderly often encounter and h...

HECM Reverse Mortgages: A Strategy For Seniors

Jack M. Guttentag | Posted 10.03.2016 | Business
Jack M. Guttentag

Many senior homeowners are attracted to the idea of using a reverse mortgage to draw additional funds, but are so fearful of making a costly mistake i...

Do HECM Reverse Mortgages Work For Owners of Expensive Homes?

Jack M. Guttentag | Posted 08.22.2016 | Business
Jack M. Guttentag

As a Federally insured program under FHA, the HECM reverse mortgage program is not designed to help the wealthy. In calculating maximum draw amounts, ...

Let's Talk: 6-tips On How to Start A Conversation With Loved Ones About Long-Term Care

Steve Landers MD,MPH | Posted 08.11.2016 | Healthy Living
Steve Landers MD,MPH

Co-authored with Tom McInerney, President and CEO of Genworth Financial. When looking into the future, we imagine our loved ones happy and healthy,...

How A Reverse Mortgage Can Save Your Retirement

Robert Mauterstock | Posted 07.31.2016 | Fifty
Robert Mauterstock

Reverse mortgages have been around for a long time. It's a method that an individual can use to convert the equity built up in their home to a credit line or an income for as long as they remain in the home as their primary residence, without the burden of monthly mortgage payments.

Is Reverse Mortgage Beneficial for Retirees? Check it Out

Yatin Khulbe | Posted 07.28.2016 | Business
Yatin Khulbe

The average debt held by senior citizens has increased to $50,000 in 2010, up by 83% since 2001. People over the age of 65 are facing a tough time in paying their mortgages due to mounting debt levels.

How to Unleash the HECM Reverse Mortgage Market - Part 2

Jack M. Guttentag | Posted 07.17.2016 | Business
Jack M. Guttentag

Last week's article indicated that the HECM market is not a shoppers market because the product is not well-defined, the prices charged are obscure, a...

How to Unleash the HECM Reverse Mortgage Market - Part 1

Jack M. Guttentag | Posted 07.11.2016 | Business
Jack M. Guttentag

The need for a robust reverse mortgage market is large and growing. At the end of 2015 there were about 24 million homeowners aged 65 and over, with t...

May Was A Big Month For Reverse Mortgage Securities

Michael Lazar | Posted 06.26.2016 | Fifty
Michael Lazar

May marked a new, big month for HECM reverse mortgage securities, or HECM mortgage-backed securities (HMBS). According to the most recent reports, $85...

Reverse Mortgage Popularity On The Rise

Michael Lazar | Posted 06.19.2016 | Fifty
Michael Lazar

Following years of negative reports that focused on the downsides of this industry, it seems that reverse mortgage popularity is finally on the rise. ...

Here Are The 2 Smartest Ways To Use A Reverse Mortgage

Michael Lazar | Posted 06.19.2016 | Fifty
Michael Lazar

What are the smartest ways to use a reverse mortgage if you are considering these lucrative home loans for older Americans? A reverse mortgage is beco...

Here Are The 2 Smartest Ways To Use A Reverse Mortgage

Michael Lazar | Posted 06.12.2016 | Fifty
Michael Lazar

What are the smartest ways to use a reverse mortgage if you are considering these lucrative home loans for older Americans? A reverse mortgage is bec...

About To Retire? Here's Why You Should Consider a Reverse Mortgage Home Loan

Michael Lazar | Posted 06.12.2016 | Fifty
Michael Lazar

Retirees in today's market have many things to consider. Namely, what does the future hold and will you have enough income and assets to persevere. A...

4 Reasons Retirees Should Consider An HECM Reverse Mortgage

Michael Lazar | Posted 06.08.2016 | Fifty
Michael Lazar

Just how prepared are you for retirement and do you really have enough savings set aside to make it comfortably through your golden years? While plann...

HUD To Roll Out New Reverse Mortgage Rules

Michael Lazar | Posted 05.30.2016 | Fifty
Michael Lazar

The U.S. Department of Housing and Urban Development (HUD) is set to roll out a new set of reverse mortgage rules if/when the proposed regulations are approved.

3 Decisions Seniors Must Make Before Selecting a HECM Reverse Mortgage

Jack M. Guttentag | Posted 05.23.2016 | Business
Jack M. Guttentag

Every senior considering a reverse mortgage must make 3 decisions. The first applies to draw options - the combination of upfront cash, monthly payme...

HUD Says New Reverse Mortgage Updates Are Good For Everyone

Michael Lazar | Posted 05.13.2016 | Fifty
Michael Lazar

According to a new report that was issued by the Department of Housing and Urban development (HUD), the newest reverse mortgage updates on the rules a...

Does A Reverse Mortgage HECM Make Sense For You?

Michael Lazar | Posted 05.13.2016 | Fifty
Michael Lazar

Older Americans have many things to consider when entering retirement. Perhaps the most common worry is that you may not have enough funds to sustain ...

5 Things You're Wasting Pre-Retirement Money On

Michael Lazar | Posted 05.12.2016 | Fifty
Michael Lazar

How does your retirement plan look? Do you wonder if you will ever be able to save enough to settle down and leave the workforce? Today's generation i...