reverse mortgage


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reverse mortgage

n.
A mortgage in which a homeowner, usually an elderly or retired person, borrows money in the form of annual payments which are charged against the equity of the home.
References in periodicals archive ?
There are different types of loans financial institutions provide and a reverse mortgage is one that is extremely popular and well-known globally.
Homeowners 62 and older saw their housing wealth grow by 1.4 percent or$98 billionin the fourth quarter to a record$7.05 trillionfrom Q3 2018, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
National Reverse Mortgage Lenders Association has announced the release of its the NRMLA/RiskSpan Reverse Mortgage Market Index that reported homeowners 62 and older saw their housing wealth grow by 1.4 percent or USD 98 billion to a record USD 7.05 trillion in the fourth quarter 2018, the company said.
A reverse mortgage can be a powerful financial tool when used properly as part of a comprehensive retirement plan.
Securities and Exchange Commission, updated its bespoke criteria for rating two Australian reverse mortgage transactions; Emerald Reverse Mortgage Series 2006-1 Trust and Emerald II Reverse Mortgage Series 2007-1 Trust.
And it's true: Some form of a reverse mortgage could be a good choice for you, but it might not be the government-backed type Selleck is hawking.
The company completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer.
The Consumer Financial Protection Bureau is warning older consumers against taking out a reverse mortgage in order to delay collecting Social Security benefits.
29 June 2017 - Michigan, US-based mortgage banking firm Huron Valley Financial, Inc., (HVF) has acquired the reverse mortgage lending division of New Jersey, US-based Home Point Financial Corp., the company said.
is pleased to welcome Windell Rich as a reverse mortgage loan originator.
Pfau also noted that the perception that the borrower loses the title to the home when he or she takes a reverse mortgage is a myth.