A bill introduced to the New York state Senate is seeking to bolster the disclosures that reverse mortgage lenders make to ...

Reverse mortgages allow eligible homeowners to tap into equity. You can get one for a two-family house as long as you use the home as a primary residence.

In addition to FHA-backed home equity conversion mortgages, Finance of America offers HomeSafe Standard, a jumbo reverse loan for as much as $4 million that's available to borrowers age 55 and older.

What awaits the new HUD Secretary, Scott Turner, President Trump’s former White House Opportunity Zone czar and NFL star?

Puerto Rico, the U.S. Virgin Islands, and Guam are popular choices for retirees who own vacation homes outside the ...

Many people aged 62 or older are “house-rich and cash-poor.” They’re free of house debt but their income is limited. A reverse mortgage may allow some to take advantage of their house as an ...

Instead of just protecting the lender, MIPs provide several important assurances to reverse mortgage borrowers. At closing, you pay an up-front 2% MIP based on the FHA’s maximum lending limit of ...

For information about such loans and other reverse-mortgage alternatives for low-income seniors, go to the HUD website. Downsizing. You can sell the old homestead, buy a more modest house or ...

is a popular type of reverse mortgage that's backed by the FHA. Reverse mortgages let you take money out of your home and receive a monthly payment from your mortgage lender. You must be 62 years ...