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Category: Reverse mortgage

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...

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...

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...

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...

GreenPath CEO Kristen Holt: Tips for Avoiding Reverse Mortgage Foreclosure

Recent news coverage (“Detroit leads nation in reverse mortgage foreclosure rate”) has brought the escalating reverse mortgage foreclosure rate into the spotlight. A Free Press and USA Today analysis revealed that urban communities have been most impacted by the reverse mortgage foreclosure trend with Detroit leading...

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