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Reverse Mortgages

When Even Wealthy Homeowners Are Using Reverse Mortgages, The Question Is: Why Aren't You?

Buck Wargo | Posted 12.08.2014 | Fifty
Buck Wargo

The headlines are stark when it comes to the retirement of Americans. One quarter of those 50 to 64 have not saved a penny, and 14 percent of those 65 and older are in the same predicament.

How Reverse Mortgages Work in 2014

Jim T. Miller | Posted 06.14.2014 | Fifty
Jim T. Miller

Tighter rules on reverse mortgages that have recently gone into affect have made them harder to get, especially for seniors with heavy debt problems.

Breaking the Logjam on HECM Reverse Mortgages (Pt. I)

Jack M. Guttentag | Posted 11.11.2014 | Fifty
Jack M. Guttentag

People reaching retirement age are living longer than ever, and retiring with less capacity to maintain their living standards. With good reason, this situation has been termed a "retirement funds crisis."

Never Too Early to Review Long-Term Care Options

Wm. Scott Page | Posted 12.23.2012 | Money
Wm. Scott Page

Imagine having to figure out a way to pay $5,000 per month for a period of five or more years -- during a time when, by definition, you will not be working. That's at least $300,000 worth of care, and it's a real issue for millions of boomers who are careening toward retirement at a growing pace.

Should You Refinance Near Retirement?

Posted 09.08.2012 | Fifty

SPECIAL FROM U.S. NEWS & WORLD REPORT By Joe Udo Mortgage rates are near historical lows. But should you refinance if you are near retirement? I...

Understanding Reverse Mortgages

Jim T. Miller | Posted 10.09.2012 | Money
Jim T. Miller

For seniors that are house rich but cash poor, a reverse mortgage is a viable option, but there's a lot to know and consider to be sure it's a good choice for you. Here are some tips and tools to help you research this complex financial product.

Ben Hallman

Seniors Scammed As Reverse Mortgage Foreclosures On The Rise

HuffingtonPost.com | Ben Hallman | Posted 06.27.2012 | Business

Reverse mortgages, a lifeline for seniors struggling to pay bills in allowing them to turn home equity into cash, are entering into foreclosure at an ...

Risky Mistake More Boomers Are Making

Loren Berlin | Posted 03.20.2012 | Money

Here's another grim sign for boomers looking ahead to retirement. More of them are tapping into their home's equity to take out so-called reverse m...

A Mortgage Horror Story

Ann Brenoff | Posted 03.18.2012 | Fifty
Ann Brenoff

Temporary relief for a temporary situation; isn't that precisely what the loan modification is suppose to address?

90-Year-Old Miami-Dade Woman Faces Foreclosure

Posted 02.12.2012 | Miami

A 90-year-old woman in Southwest Miami-Dade is facing foreclosure on the modest home she's lived in for about 57 years, reports WSVN. "Where am I ...

Brewing Nightmare: Foreclosures on Seniors' Reverse Mortgages

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

Reverse mortgage loans, which allow seniors to convert home equity into cash, have become more popular in recent years. But now, the government regulators are dealing with a potential nightmare.

Business Financing Has Unexpected Alternatives

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Borrowers who were seeking creative financing raised my antennae when I was in the lending business.

Shahien Nasiripour

Reverse Mortgages Are "Subprime Revisited," Says Consumer Law Group

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Many of the now-discredited practices that enabled the subprime mortgage market to boom and then bust have reappeared in the reverse mortgage business...