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Category: Housing

Reverse Mortgage Counselors: People More Informed, Resources Strained During Pandemic – Reverse Mortgage Daily

Excerpt from Reverse Daily Mortgage showcases the impact the ongoing pandemic has made on those seeking information on reverse mortgages. Based on observations from reverse mortgage counselors, those seeking information are better-prepared for their counseling sessions regarding their understanding of the reverse mortgage...

First Time Homebuyer? Make Sure You’re Prepared for These 7 Hidden Costs

As real estate markets re-open across the country, current historically-low mortgage rates may make it seem like the perfect time to be a first time homebuyer. For many, owning a home is a big part of the American Dream. There’s a sense of pride and accomplishment in ownership. It can give you greater freedom and privacy,...

Counselors See Rising HECM Interest Through COVID-19 Crisis – Reverse Mortgage Daily

Excerpt from Reverse Daily Mortgage monitors interest in Home Equity Conversion Mortgages. As the COVID-19 coronavirus pandemic continues, it's noteworthy to monitor the interest in Home Equity Conversion Mortgage (HECM) options. Reverse mortgage counseling sessions have increased as more seniors seek out ways to soften...

HUD Awards $40M in Housing Counseling Grants – Reverse Mortgage Daily

Excerpt from Reverse Mortgage Daily details HUD housing counseling grant awarded to GreenPath Financial Wellness The Department of Housing and Urban Development (HUD) awarded nearly $40 million in counseling grants to agencies across the country, including GreenPath Financial Wellness, According to the HUD announcement,...

Five Common Reverse Mortgage Questions – Answered

The month of May marks Older American’s Month. It’s our nation’s celebration of the countless contributions that older adults make to our communities. We couldn’t let this month go by without a focus on financial health and wellness of seniors, especially those who are managing the impact of recent financial...

Mortgage Relief That Comes With a $4,000 Bill – The New York Times

A GreenPath client is featured in The New York Times as she shares her journey seeking mortgage relief during a time of challenge. Borrowers with privately held mortgages don’t have the same options as those with government-backed loans. Some are being told they can skip payments, if they make them up all at once. The...

Making Sense of Mortgage Options: One-on-One Guidance Available from HUD-Certified Housing Counselors

This content was created in part thanks to a grant from Wells Fargo. Sometimes just knowing the options is the best path forward in times of uncertainty. As we continue to manage family finances in the face of the continued COVID-19 crisis, what’s important for homeowners with FHA-insured mortgages? GreenPath’s...

Seeking Mortgage Assistance? Check Out These 5 Resources

Many of us are in fast need of mortgage assistance in this time of crisis. Facing financial hardships can cause us to fall behind on monthly mortgage payments. Depending on how severe the financial situation, it is overwhelming and sometimes confusing to understand the available options that could help us keep our...

Counselors Prepare as More Borrowers Seek Private Reverse Mortgages

Excerpt from Reverse Mortgage Daily Counseling for prospective reverse mortgage borrowers is not only required, but it’s also a critical component of understanding how a new reverse mortgage loan is created. In order to make sure that the borrower fully understands exactly what kind of a transaction they’re getting...

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