New reverse mortgage disclosure forms are being drafted, representatives for the National Reverse Mortgage Lenders association told regional conference attendees in New York last week. In an ...

Lenders must provide FHA-insured reverse mortgage applicants with an estimate of their total annual loan cost (TALC), which shows what you'll pay in certain scenarios.

One obvious lesson we've all learned from the ongoing mortgage crisis: everyone loses when consumers are unable to determine if they can afford to pay back their loans. Unfortunately recent ...

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is ...