Reverse Mortgages-Articles on Reverse Mortgages

What you should know about reverse mortgages

The most popular type of reverse mortgage is the federally insured reverse mortgage backed by the U.S. Department of Housing and Urban Development, known as a Home Equity Conversion Mortgage, or HECM.

MetLife posts 1Q loss, exiting reverse mortgages

MetLife Inc. said Thursday it is getting out of the reverse mortgage business as part of its exit from retail banking, which it says accounted for only a small fraction of its profits.

Reverse mortgages: Don't let the Fonz sell you

Celebrities like Henry Winkler (aka "the Fonz") tout the benefits of reverse mortgages, but these loans aren't for everyone

Retirement Weekly: Reverse mortgages provide needed cash

A reverse mortgage can provide a needed supply of cash, which retirees typically use to supplement Social Security benefits, help cover medical expenses, or make home improvements, for example.

Does a reverse mortgage work?

Opinion divided on if senior’s income source helps or hurts You may have heard that a reverse mortgage will give you a “lifetime income� or you will “never lose your home.� But the jury is out on how effective of an option this is for seniors. Reverse mortgages, or Home Equity Conversion Mortgages (HECM), are available to homeowners who are at least 62-years-old. The loan taps the home’s equity ...