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Reverse Mortgage Daily

NAR: FHA Premium-Reducing Program Needs Work

While the Federal Housing Administration’s Homeowners Armed with Knowledge (HAWK) pilot program is a good start to reducing high mortgage insurance premiums, the National Association of Realtors says the agency still has more work to do. 

Do Not Use These Words in Reverse Mortgage Marketing

Geezer. Old-timer. Golden Years. Those terms topped the list of the most despised words used to describe the elderly and aging and should be avoided in reverse mortgage marketing, according to a poll by National Public Radio (NPR).

Homeowners Gain Comfort in Borrowing Home Equity

A rebounding economy, increases in home values and lower interest rates have again given rise to the popularity of home equity lines of credit (HELOCs), The Wall Street Journal reports. 

CFPB Clarifies Rules For Lending To Same-Sex Married Couples

The Consumer Financial Protection Bureau (CFPB) clarified its rules regarding lending to same sex, married couples.

Home Sales Surge 18.6%, Healthy Housing Rebound Underway

Double-digit gains in home sales, declining foreclosures and strong home equity growth in May are signaling a healthy housing recovery is underway, according to the June edition of the Obama Administration’s Housing Scorecard. 

Government Unveils Online Resource to Tackle Elder Abuse

The Department of Justice (DOJ) has issued a new framework to tackle challenges to elder abuse prevention and prosecution.

Best Vacation Home Spots for HECM for Purchase

The golf course, the beach, the great outdoors and amusement parks ranked as the best places to buy a vacation home, according to a new semi-annual list from Zillow.

Reverse Mortgage Lenders Roll Out New TV, Media Campaign

A new reverse mortgage advertising and public awareness campaign is launching this week, including three commercials in pilot cities Denver, Philadelphia and Seattle.

Reverse Mortgage Volume Hits 18-Month Low in June

Home Equity Conversion Mortgage (HECM) endorsements have hit the lowest monthly total in 18 months, according to the latest Reverse Market Insight (RMI) report. 

OIG: 'Outrageous' CFPB Renovation Costs Top $215 Million

Amid ongoing investigations of employee discrimination, the Consumer Financial Protection Bureau (CFPB) has also come under fire for “outrageous” costs associated with the renovation of its rented headquarters.