Curbing HUD losses on HECM

Curbing HUD losses on HECM reverse mortgages: Further thoughts by The Mortgage Professor: Facebook TwiEmPriSIn a previous column, I noted that large losses on HECM reverse mortgages could be attributed to adverse selection. The program attracts too many borrowers in desperate financial condition and too few borrowers with options. I argued that HUD, instead of…

Mortgage-free home ownership becomes a popular retirement goal Alongside travel and leisure, a recent study by Voya Financial identified home ownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to eventually own their home with no…

WSJ: The Rise of the 55+ Single Woman Home Buyer with HECM for Purchase Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist at Veritas Urbis Economics in Alameda, Calif., the article states…

96% of High Net Worth Advisors say Clients Want to Remain at Home Fewer than a quarter of high-net-worth individuals have a firm plan for long-term care, but nearly all of them suggested a preference to age in place at home independently, a poll from Key Private Bank revealed last month. Key Private Bank, the…

Seniors Behaving Badly in Care Facilities Disagreements, fights and controlling behavior among humans are inevitable. Seniors are not exempt from these natural behaviors, especially when many of them are living together in close quarters. Conflicts in senior living facilities range from small misunderstandings to full-fledged flare-ups between staff members and even other residents. Nearly 7,000…

Healthy Marriage While Caregiving Caring for an aging parent can be stressful beyond belief. In fact, full-time caregivers are at increased risk for depression, health problems and substance abuse. It only makes sense that the strain can also take a serious toll on caregivers’ relationships with their significant others. While the things necessary for maintaining…

10 Ways to Boost Retirement Income Don’t assume that your retirement income is fixed. You can increase it — and live off of more money in the future. by Selena Maranjian- The Motley Fool If you think of the term “fixed income,” you probably think of retirees. After all, people in retirement are typically relying…

Retirement Countdown 5 Year Plan For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like…

USA Today Lists Reverse Mortgages as a Key Nest Egg Booster USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as…