U.S. Housing Reform Plan

President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to…

Reverse Mortgages Included Among Tips to Strengthen Retirement by U.S. News A new article at U.S. News and World Report giving recommendations on strengthening retirement security offers reverse mortgages as one of the potential tools a senior can use to bolster their financial security in retirement. Among the recommendations from U.S. News contributor Craig Stephens, downsizing…

Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she…

Retirement crisis – how to avoid your own Various reports have weighed in on whether America is facing a “retirement crisis.” One study found, for instance, that while just 8.8 percent of people currently age 65 and older are impoverished, 88 percent of Americans still believe the nation faces a retirement crisis. Sources of disagreement include whether…

Only 26% of Americans Know This Key Retirement Number Are you in the minority?Maurie Backman (TMFBookNerd) Social Security is a crucial source of income for millions of seniors, which is why eligible recipients should take steps to maximize their benefits. Unfortunately, a large number of Americans lack the knowledge to make informed decisions about Social Security,…

Scams targeting seniors While a person can become a victim of a scam at any age, the senior population is becoming more vulnerable to scammers. Seniors make good targets because they generally have good credit and accessible savings. Further, many seniors are alone or suffer from conditions like memory loss or frailty, which make seniors…

Retirement question. CNBC Make It. money. 84% of Americans cant answer this basic money question about retirement. Retirement doesn’t seem to be on the minds of many Americans To see just how much the people know when it comes to financially preparing for their later years, Fidelity Investments conducted a retirement IQ test. The results were…

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**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

U.S. Housing Reform Plan

reverse mortgage