A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage program appears to be dead in its ...

To qualify for a reverse mortgage, you typically need to be at least 62 years old — and the older you are, the more you may ...

How to qualify for a reverse mortgage. To qualify for a reverse mortgage, you must meet the following requirements: Age 62 or older. Outright ownership of your home or a low-balance mortgage ...

Before taking out a reverse mortgage, ... "For example, my clients Bill and Salley bought a home in 1975 in Santa Cruz, California, for $50,000. Today, the house is worth $1,850,000.

Reverse Mortgage Mechanics. The loan proceeds from the reverse mortgage can be a lump sum, ... President Ronald Reagan signed the bill for HUD to start insuring reverse mortgages in 1988.

The cost for a 30-year fixed-rate mortgage crept up to levels not seen since February, reflecting bond market fears over Trump’s plan to pay for tax cuts with an estimated $3.8 trillion in new debt.

Hesitant to sign up for a reverse mortgage? CNBC Select outlines the alternatives, including refinancing and home equity loans.

David said the reverse mortgage his mother signed has since been sold, but he's still getting letters in his mother's name, saying nearly $300,000 is owed. Effie never saw a dime of the money from ...

The bill, introduced by Republican Representative Stephanie Bice on January 9, seeks to reverse recent pricing framework updates implemented by the Federal Housing Finance Agency (FHFA) to address ...