An international law firm with more than 1,600 attorneys active across 32 U.S. cities and in London recently released a podcast episode entirely about the legal complexity — and overlooked details in ...
For many older Americans, their home is more than a place to live. It's their biggest financial asset. For those who need access to more income in retirement, tapping into that wealth can be a smart ...
The sole outlier, according to the online database, is related to a settlement between HUD and MetLife Home Loans reached in 2018, stemming from allegations that the lender and a reverse mortgage ...
Dear Liz: Please write about the issues people can face when they have a reverse mortgage and need to move out to get long-term care. My mother, who is now 94 and lives on a small teacher’s pension, ...
WASHINGTON — The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed ...
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 ...
Safely unlock your home's value with these standout lenders and useful tips to help you avoid costly mistakes.
The New York state department of Taxation and Finance, in an attempt to resolve a glaring discrepancy in the application of New York's mortgage recording tax exemption to certain reverse mortgage ...
Government housing officials report that 46,000 reverse-mortgage borrowers under the government's insured loan program were delinquent on their loans as of July. This total is more than 50 percent ...
I am a retired and divorced 75-year-old woman with one daughter. She will inherit what I’ve got and, believe me, she needs it. About seven years ago, I had a catastrophic health issue that required me ...
Reverse mortgage lenders are beginning to require senior borrowers to qualify for loans by proving that they have enough money to continue paying property taxes, home insurance premiums, and other ...
Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. A ...