Reverse

As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages
As part of World Elder Abuse Awareness Day (WEAAD), the National Reverse Mortgage Lenders Association (NRMLA) and the National Aging in Place Council (NAIPC) have jointly launched new consumer Web pages to help seniors recognize the signs of abuse and report instances of financial fraud and... Keep Reading....
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program
The Federal Housing Administration (FHA) is proposing a new rule that it claims will strengthen its Home Equity Conversion Mortgage (HECM) program.  The proposed rule includes changes and consumer protections designed to help ensure senior borrowers are sustained in their homes. These new changes... more
A 95-year-old woman is suing a pair of reverse mortgage companies for levying excessive fees on her after her home fell into foreclosure
A 95-year-old woman is suing a pair of reverse mortgage companies for levying excessive fees on her after her home fell into foreclosure. According to a report from The Eye, Retha Floyd of Washington, D.C., faced foreclosure in 2012 after falling behind on less than $2,000 in property taxes and... more
New Jersey’s Bergen County is providing $20,000 to its Division of Senior Services for legal referrals to assist low-income seniors who have defaulted on their reverse mortgages
New Jersey’s Bergen County is providing $20,000 to its Division of Senior Services for legal referrals to assist low-income seniors who have defaulted on their reverse mortgages. According to an NJ.com report, this new funding will be used by the division's Home Equity Conversion Mortgage (HECM)... more
HomeBridge Financial Services has announced that Len Ricci, a reverse mortgage loan originator in its Hackensack, N.J. branch, has closed more than 1,000 reverse mortgages during the course of his career
HomeBridge Financial Services has announced that Len Ricci, a reverse mortgage loan originator in its Hackensack, N.J. branch, has closed more than 1,000 reverse mortgages during the course of his career, a significant achievement when taken into account the myriad of negative public misconceptions... more