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Keyword Search Results

Reverse Mortgages

1. Links: National Center for Home Equity Conversion
   Consumer information on reverse mortgages from the National Center for Home Equity Conversion, an independent nonprofit national organization specializing exclusively in reverse mortgage education and analysis.
2. Links: Home Equity Conversion Mortgages Program [HUD]
   All lenders authorized to make HUD-insured loans, such as banks, mortgage companies, and savings and loan associations, can participate in the Home Equity Conversion Mortgages (HECM) program.
3. Books: The Reverse Mortgage Advantage
   Consumer Action advises consumers to go slowly when considering reverse mortgages, as there are some bad deals out there. But we recognize that reverse mortgages are helpful for many house-rich, cash-poor seniors. People who do…
4. Links: AARP - Reverse Mortgages
   AARP offers information, tips and resources for senior consumers looking for a reverse mortgage.
5. Links: FTC Facts for Consumers: Reverse Mortgages
   This Federal Trade Commission fact sheet can help you determine whether a reverse mortgage is right for you.
6. Press: Reverse mortgage holders could lose homes if taxes aren’t paid
   Here’s a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you don’t pay your local property taxes or hazard-insurance premiums, the risk of losing your…
7. English: Money Management 1-2-3: THREE: Planning a Secure Future
   The “Money Management 1-2-3: Be Smart about Money All Your Life” series focuses on basic money skills at the beginner, intermediate and advanced level. Planning a Secure Future focuses on leaving the workforce, retirement, winding…
8. Press: Reverse mortgage rules to change
   Several big changes are coming to the Federal Housing Administration’s reverse mortgage program. Starting on Monday, the program will introduce a reverse mortgage product that will virtually eliminate one of the biggest upfront fees that…
9. Press: Greater oversight of reverse mortgages urged
   With demand rising for reverse mortgages, senior citizens are particularly at risk of being misled and should be protected by greater government oversight of the industry, according to a report by Consumers Union and two…
10. Press: Reverse mortgages don’t always work
    Trusted celebrity pitchmen such as Henry Winkler, Robert Wagner and James Garner do a good job telling older homeowners about the benefits of a reverse mortgage. Here’s what they don’t tell seniors: Reverse mortgages are…