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.

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.

When a reverse mortgage is better Reverse mortgages work like traditional mortgages, but backward. Instead of you making payments to the lender, they pay you.

The states support the majority of changes but made suggestions about specific details in various instances. “The state regulators want to express their strong support for the Board’s proposal to ...

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 ...

The trade group said the bill in New York would serve to confuse clients already inundated with required state and federal HECM disclosures.

Mark Diamond was sentenced to 205 months—or 17 years and one month—in prison. He was also ordered to pay $2.7 million in restitution.

In some of the most common reverse mortgage scams, the FBI says that homeowners are made lofty promises. These include: free homes, investments, refinancing assistance, and more. And common ...

Republican vice presidential nominee JD Vance is doing very well financially for someone who just turned 40, new federal disclosures reveal.

Instil Bio, Inc. (TIL) has been beaten down lately with too much selling pressure. While the stock has lost 18.5% over the past four weeks, there is light at the end of the tunnel as it is now in ...