Without the most relevant and timely data, it’s hard for anyone to make the right decisions—especially Congress. Even after consumer protections have been implemented for reverse mortgages, we ...

As some older Americans try to improve their finances by tapping home equity through reverse mortgages, many are at risk of ending up in a worse situation because of confusion over the complex terms ...

The Wall Street Journal continues to be a great resource for Baby Boomers with it’s Encore section of the paper. Encore is targeted at the 50+ crowd and covers a range of different topics from finance ...

Reverse mortgages can be a good way for income-starved seniors to gain extra cash when going back to work is no longer an option or desirable. The loans, which enable homeowners to tap the equity in ...

Quarterly profit at CIT Group plunged after the in Livingston, N.J., company recorded $167 million in charges tied to its discontinued reverse-mortgage servicing unit. The $66.7 billion-asset company ...