Reverse Mortgage News

Learn more about why reverse mortgages are in demand more than ever.

Stress Free

HUD Cites Reverse Mortgages As Solution to Senior Housing Stress

by Elizabeth Ecker  |  FHA, News, Reverse Mortgage Reverse mortgages may be one solution to the pressing problem of senior housing that many aging homeowners will soon face, says the Department of Housing and Urban Development in a recent publication. And there’s potential for research that would further examine the benefits of Home Equity Conversion Mortgages (HECMs) by comparing those Read more about HUD Cites Reverse Mortgages As Solution to Senior Housing Stress[…]

Retirement Savings

One-Third of Americans Have Less than $5K for Retirement

by Alex Spanko  |  HECM, News, Retirement, Reverse Mortgage  |  1 Comment The grim outlook for many Americans approaching retirement age has some new stark statistics: One-third of respondents in a recent survey said they’d saved less than $5,000 for retirement. Among baby boomers, one third said they had $25,000 or less in retirement cash available, according to a new data Read more about One-Third of Americans Have Less than $5K for Retirement[…]

Medicare

Retirees’ Confidence in Social Security, Medicare Tumbles in 2018

An annual survey of retirees’ attitudes toward their retirement security found a bleaker outlook this year than in the past, revealing significant worries about the ability of Medicare and Social Security to cover their needs going forward. As in past years, only about a third of older respondents in the Retirement Confidence Survey (RCS) said Read more about Retirees’ Confidence in Social Security, Medicare Tumbles in 2018[…]

Retirement Housing

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 independently, a poll from Key Private Bank revealed last month. Key Private Bank, the wealth management arm of bank-based financial services company KeyCorp, surveyed more than 150 of its Read more about 96% of High Net Worth Advisors say Clients Want to Remain at Home[…]