Reverse Mortgages and Long-Term Care – A Place for Mom

  • November 25, 2020
  • By: Greenpath Financial Wellness
  • Category: News

The website A Place for Mom asked GreenPath to share details about taking on a reverse mortgage.  What are the pros and cons? Read the Full Article > While proceeds from selling your home is a common way people pay for long-term care facilities, a reverse mortgage may be helpful in circumstances where one or both...

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

  • June 17, 2020
  • By: Greenpath Financial Wellness
  • Category: Blog, Housing, News

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,...

Counselors Prepare as More Borrowers Seek Private Reverse Mortgages

  • September 12, 2019
  • By: Greenpath Financial Wellness
  • Category: Blog, Housing, News

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

  • July 16, 2019
  • By: Greenpath Financial Wellness
  • Category: Blog, Housing

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...

NCOA and GreenPath Partner on Reverse Mortgage Counseling – Reverse Mortgage Daily

  • May 11, 2016
  • By: Greenpath Financial Wellness
  • Category: News

The National Council on Aging and GreenPath Financial Wellness recently announced a partnership to provide older Americans with unbiased reverse mortgage counseling, among other financial services. Regardless of how much retirement savings older adults have, more than 61% of households headed by an adult over age 60...

New rule may make it tougher to get reverse mortgage – Macon (GA) Telegraph

  • April 12, 2015
  • By: Greenpath Financial Wellness
  • Category: News

Getting a reverse mortgage may sound like the answer to a homeowner’s financial issues. Instead of the homeowner paying the lender every month as in a conventional mortgage, in a reverse mortgage, the lender sends a monthly check to the home­owner.  A new rule may make it tougher to get a reverse mortgage. A reverse...

Showing results 1-6 out of 6