A recent Housing Wealth in Retirement Symposium, held March 23 in Washington, DC, took a broader look at housing wealth and retirement security. A constant theme was the role of reverse mortgages under the Home Equity Conversion Mortgage (HECM) program, sponsored by the federal government. ...
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A bear market would make reverse mortgages smarter, two experts contended Friday at a symposium on housing wealth in retirement.
If retirees pay their bills in part by gradually selling, and the market declines, a reverse mortgage can preserve their portfolio until prices rebound, experts said....
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Contrary to conclusions made in a recent CFPB report, there is value in delaying Social Security and spending down other resources in the interim. Spending from a HECM or an investment portfolio are both viable options, and lead to a higher probability of success and a greater legacy value for assets over the long-term....
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California is home to more than one-third of the country’s reverse mortgages, with more HECM loans than the next three largest markets combined. What makes reverse mortgages so popular in California? There doesn’t appear to be one single answer. Rather, it’s likely a confluence of unique economic, structural and cultural ingredients that, when combined, give rise to an environment where utilizing home equity to support your retirement years just makes sense....
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A major forward-mortgage consulting firm recently took a deep look into the potential diversification through reverse products, and ended up wondering what top players are waiting for.
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