We’ve got some good news on the reverse mortgage legislation front. Earlier this week Washington state Governor Chris Gregoire signed into law a bill which will allow non bank lenders to ...

EXCLUSIVE — Sen. Mike Braun (R-IN) will introduce a bill on Thursday aimed at rolling back the Biden administration's recent mortgage rule that critics say subsidizes borrowers with lower credit ...

The Senate narrowly passed a sweeping new bill that could reshape the country’s financial direction for years to come. Dubbed ...

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 ...

Reverse mortgage flip the traditional lending model on its head. Learn who this home equity tool can benefit — and who should steer clear.

Alternatives to reverse mortgages. If you do not qualify for or want a reverse mortgage, there are still other options to help you tap into your home’s equity or lower your monthly mortgage bill.

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.

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.

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.

A reverse mortgage allows homeowners age 62 or older to borrow money using the equity in their homes as collateral. The loan typically doesn't have to be paid back until the homeowner dies, moves ...

A reverse mortgage is worth exploring if you want to use some of your home’s equity in retirement — and you plan to stay in your home for the foreseeable future. Do your homework so you know ...

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 ...