One option for people in such situations is to take out a reverse mortgage, which lets them draw on their home equity while continuing to live at home. But the loans are costly and complex ...

Have you ever mentioned reverse mortgages at the family cookout? Be honest—what happened? Three people left the table, two went underneath it, and Aunt Petunia made a weapon out of a plastic knife!

A new CFPB report based on 2023 HMDA data assesses the reverse mortgage industry landscape that year, and the shifts at the ...

Teresa Ghilarducci Ph.D. is an Economics Professor. I am unsure the reverse mortgage industry is sound. It is regulated by various different agencies including the embattled Consumer Financial ...

Until recently, the subject of reverse mortgages rarely ever came up in my consultations with clients. When it was discussed, it was the client who brought it up. I'd easily dismiss the idea of a ...

In a surprise move, the government is changing the reverse mortgage rules again. And the changes, which affect the cost of insurance and borrowing limits, are a mixed bag for borrowers.