Major servicers face class action claiming prohibited fees inflated HECM loan balances, risking older homeowners’ equity and ...

I received a solicitation for an HECM loan saying I had “Estimated Funds Available” of $54,059. HECM stands for “home equity conversion mortgage” and is the FHA’s reverse mortgage program that enables ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

John Mostellar III, James Wright Jr. The U.S. Department of Housing and Urban Development (HUD) published a request for information (RFI) on October 2, 2025 titled “Future of the HECM and HMBS ...

MBA submitted seven recommendations to HUD and Ginnie Mae to reform the HECM and HMBS programs, with a focus on liquidity and insurance costs. AI Summary The Mortgage Bankers Association (MBA)’s ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

The reverse mortgage companies squeezed thousands of dollars out of aging homeowners through various illegal fees, according to a new class action suit.

On January 21, HUD issued a notice in the Federal Register announcing its intention to sell approximately 2,500 home equity conversion ...

As we grow older, our financial needs change. Perhaps you need a different strategy to cover your regular living expenses, or ...