Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly payments.

Ramsey points out that these loans steadily increase in balance because of accumulating interest, which erodes equity over ...

Local reverse mortgage lenders have seen some shuffling among their ranks. As the financial crisis crippled some, others have become larger, with investors showing interest in startups. Reverse ...

Lender Price added Finance of America as its first reverse mortgage partner, offering live HECM and HomeSafe pricing to ...

If you’re a homeowner looking for ways to tap into your home’s equity, two common options you might consider are a reverse mortgage and a home equity loan. Both allow you to use your home’s value to ...

For many people, a house is their most valuable asset. In fact, home equity—the value of a property minus any outstanding mortgages or liens—accounted for 45% of the median net worth of U.S.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

The names and details mentioned in this article have been changed to preserve anonymity. Jessica Olstrom was looking for extra cash to pay off mounting bills. She went to Equity Builder Mortgage to do ...

In the wake of PHH’s exit from reverse mortgages, FOA outlines its strategy to absorb PHH’s $9.6B HECM portfolio and prepare ...

Recently, the Department of Housing and Urban Development (HUD) solicited feedback on how to enhance the HECM program. Therefore, I thought this was a perfect opportunity to bring this ...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced the closing of a $208 million securitization backed by a pool of proprietary reverse ...