MortgageReverse

HuffPost Offers Rundown of Reverse Mortgage Changes

Recent program tweaks have cast reverse mortgages into mainstream spotlight, with the Huffington Post becoming the latest media outlet to weigh-in on the product changes. 

Written by Jason Alderman, senior director for Visa, the HuffPost article discusses several key program changes, including the first-year 60% withdraw limit, mandatory obligations, payout options, financial assessment requirements and maximum loan amounts.

The article also informs HuffPost readers about how the reverse mortgage changes transpired, citing former issues caused by the previous fixed-rate, full draw options.

“Reverse mortgages have become increasingly popular in recent years, as cash-strapped seniors seek ways to keep pace with rising expenses—not to mention cope with the pummeling their retirement savings took during the Great Recession,” writes Alderman. 

Read the Huffington Post article.

Written by Jason Oliva

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Latest Articles

HousingWire Demo Day: VIU by HUB International 

VIU by HUB is a digitally-enabled personal lines brokerage platform that seamlessly integrates into the home-buying experience. Clients can quickly shop, purchase, and manage their insurance in a complex market, thus a timely value-add for customers. For partners, VIU provides new ancillary revenue to off-set rising interest rates and inflation.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please