In case you missed it, here’s what happened in reverse mortgage news this week:
New Paper Spells Out Reverse Mortgage Strategies for Financial Planners—A paper published in The Journal of Retirement this week offered a comprehensive catalog of the various strategies in which a reverse mortgage can be used in retirement planning today, and how Home Equity Conversion Mortgages (HECMs) can increase portfolio longevity and spending power for retirees.
6 Strategies for Using Reverse Mortgages in Retirement Planning—Following the previous research earlier in the week detailing the various strategies for using a reverse mortgage in retirement income planning, a separate paper explored six methods of incorporating home equity into a retirement plan and how they impact spending and wealth.
Financial Assessment Six Months Later: A Reverse Mortgage Industry—Though it’s only been half a year with new HECM rules and requirements in place, a lot has happened—some bad, but mostly good as the industry moves further into Financial Assessment territory.
Easier FHA Condo Rules Would Improve Seniors’ Reverse Mortgage Access—Prior to the Federal Housing Administration (FHA) updating its guidelines for condominium project approval on Friday, there was a lot of chatter in recent weeks on Capitol Hill from lawmakers and housing groups pressing the FHA to ease its regulations on condo financing, as doing so would increase access to FHA financing for many homebuyers and seniors looking to secure a HECM.
Nobel Laureate Highlights Promising Future of Reverse Mortgages—Reverse mortgages have been slowly gaining the attention of other outside industry professionals such as financial planners, realtors and academics focused on retirement income planning. But now, the latest acknowledgment comes from a Nobel Laureate, who recently referred to reverse mortgages as promising retirement strategies.
Written by Jason Oliva
