In response to rapid growth in the number of seniors applying for reverse mortgages, the U.S. Department of Housing and Urban Development has issued a notice expanding the network of counselors ...

Reverse mortgage lenders may soon find themselves subject to random “mystery shopping” to ensure they aren’t illegally steering prospective loan applicants to Home Equity Conversion Mortgage ...

Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban ...

A HECM, or otherwise known as a reverse mortgage, is the most regulated mortgage loan one can obtain and here is why. HUD, or the U.S. Department of Housing and Urban Development, is a federal agency ...

The largest reverse mortgage lender in the country, Mutual of Omaha accounted for over 22% of the market in 2024. It offers ...

Reverse mortgages have become increasingly popular among seniors aged 62 and older, with loan volumes reaching $13.2 billion in 2022. This surge is largely driven by the need for supplemental ...

The Department of Housing and Urban Development is helping build HOPE throughout the St. Louis area. Housing Options Provided for the Elderly (HOPE) in University City, Mo., is a recipient of $123,264 ...

Buying a home in retirement can be challenging, but one underused loan option could make it easier for retirees.

Reverse mortgages are widely advertised to seniors as a popular way to access the equity of their home, which may be attractive to consumers seeking a quick source for cash during tough financial ...