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A service for Realtors · Saturday, April 5, 2025 · 800,493,916 Articles · 3+ Million Readers
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Reverse Mortgages News Monitoring

  • Published on 00:28 GMT

    What are the pros and cons of a reverse mortgage?

    As a homeowner, there are lots of ways to access your home equity. You can take out a home equity loan or HELOC, apply for a cash-out refinance, or — if you’re a senior — get a reverse mortgage. Reverse mortgages are a unique option because they require no …

    Source: Yahoo Finance - Label Pending
  • Published on Apr 1, 2025

    Mutual of Omaha launches proprietary reverse mortgage product

    “At Mutual of Omaha Mortgage, we understand the diverse financial needs of our clients,” said Alex Pistone, president of the company’s reverse division. “With SecureEquity, we are thrilled to introduce a product that not only reflects our commitment to our …

    Source: Housing Wire - Neutral
  • Published on Apr 2, 2025

    Cox vetoes property tax relief changes, citing impact on seniors and counties

    Utah Gov. Spencer Cox vetoed a controversial property tax bill that opponents warned would harm low-income seniors, people with disabilities and widowed homeowners by ending direct tax relief for new applicants starting in 2026. Gov. Spencer Cox speaks …

    Source: The Times Independent - Utah - Neutral
  • Published on Apr 4, 2025

    People in the ‘retirement danger zone’ can take 5 steps to protect savings

    “Stay the course.” “Tune out the noise.” “Focus on the long term.” That’s the advice that experts typically play on repeat at times like these, when stock prices are volatile or falling — as they did Thursday, when the S&P 500 dropped nearly 5%, its …

    Source: The Salt Lake Tribune - Utah - Label Pending
  • Published on Apr 4, 2025

    Rotting floors, a private eye and a 'zany' strata battle

    When rain first started gushing through Annouchka de Jong Heybroek's faulty balcony door, she expected the issue would be quickly resolved. Instead, she's been immersed in an ugly four-year dispute with her neighbours, strata manager and the …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on Apr 4, 2025

    I’m spending half my pay on my mortgage and I’m struggling to save – Mary Holm

    In one way, it’s great that you’re paying off your mortgage so fast. People often end up paying twice as much as the original loan, because of interest over the years – as any online mortgage calculator will tell you. If you repay your mortgage quickly, …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 4, 2025

    Subservicer, Non-Agency Products; Trigger Leads, HECM, FHA News; Does a Slow Economy Equal Lower Rates?

    Subservicer, Non-Agency Products; Trigger Leads, HECM, FHA News; Does a Slow Economy Equal Lower Rates? Ahead of next week’s MBA Advocacy event in Washington DC, I received this note from an industry vet. “With the continued consolidation into the large …

    Source: Mortgage News Daily - Neutral
  • Published on Apr 4, 2025

    Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank

    Dispute and decision TCB contended this occurred after Ginnie Mae turned to TCB to avoid “a catastrophic disruption of the HECM program.” In return for lending money to Reverse Mortgage Funding (RMF), TCB said it received a first priority lien “on certain …

    Source: Housing Wire - Neutral
  • Published on Apr 3, 2025

    Refinancing a home equity loan: When and how to do it

    $311,000 In the third quarter of 2024, home equity stakes soared to an average $311,000 per mortgage-holding homeowner, a record high. Having a home equity loan doesn’t automatically make you eligible for a refinance. You must qualify. Basically, you’ll …

    Source: Yahoo Finance - Label Pending
  • Published on Apr 3, 2025

    Loan Estimate Explainer: How to Read It and What Mortgage Borrowers Should Know

    When you apply for a mortgage, the lender gives you a loan estimate. This document explains the terms of your mortgage and how much you will pay. You can apply for a mortgage with multiple mortgage lenders and receive a loan estimate from each. This …

    Source: Insider - Neutral
  • Published on Apr 3, 2025

    Houck: Retirement Series – Moving & Downsizing 3 Of 5

    By DAVID HOUCK Qualifying Borker Atomic Realty LLC When retiring many older Americans are choosing to move  to smaller homes and downsize. At any age moving is a stressful experience, and downsizing for retirement carries unique challenges. Downsizing …

    Source: Los Alamos Daily Post - New Mexico - Center-left
  • Published on Apr 3, 2025

    Can you use home equity to pay for long-term care?

    Aging is inevitable. It’s also very expensive. At some point in our lives, seven out of 10 of us will need long-term care. And costs for it are high, rising faster than inflation overall. The annual price tag to stay in a nursing home currently tops more …

    Source: GMToday - Wisconsin - Label Pending
  • Published on Apr 3, 2025

    Mutual of Omaha hires Tracy Milligan for proprietary product rollout

    Milligan’s reverse mortgage industry experience goes back to the early 2000s, having served for five years as an underwriting manager with Financial Freedom. She went on to serve the next 11 years of her career at One Reverse Mortgage as vice president of …

    Source: Housing Wire - Neutral
  • Published on Apr 2, 2025

    HELOC, Credit Union, Non-QM Products; Wholesale, Reverse, Vendor Partnership News

    HELOC, Credit Union, Non-QM Products; Wholesale, Reverse, Vendor Partnership News Does anyone use the term “elderly” anymore? Websters defines elderly as “anyone past middle age,” “middle age” being 45-64. Prepare for a fight if you call anyone 65 “elderly …

    Source: Mortgage News Daily - Neutral
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