Rachel Gustafson serves as a certified financial planner with the Financial Investment Team, a firm based in Portland, Oregon. Over the course of a 12-year career in the field, she has a specialty for helping her clients figure out the best and most efficient ways to retire. When reverse mortgages first showed up on her […]
A financial planner shares her journey to understanding reverse mortgages Read More »
Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than
Global equity release market projected to top $56B by 2035 Read More »
As more companies embrace the incorporation of artificial intelligence (AI) into their business- and customer-facing operations, a concern has emerged among firms focused on delivering services to older people AI training typically occurs with younger staffers, who could then incorporate unconscious institutional biases that might leave seniors feeling alienated from the technology. Representatives of Longbridge
Longbridge’s Bill Packer on crafting AI that’s inclusive of seniors Read More »
Aging in place is gaining momentum among older homeowners, and the National Association of Home Builders (NAHB) has taken notice. The organization recently reported that 73% of homebuilding industry leaders say that requests for aging-in-place features have significantly or somewhat increased in the past five years, while 56% of remodelers are involved in home-modification work
NAHB encourages ‘practical’ renovations for aging in place Read More »
Growing fears of a retirement crisis in the U.S. are no secret as Americans face a future that potentially includes fewer Social Security benefits. But the uncertainty of Social Security is not the only thing that seniors should consider as they seek to safeguard their financial well-being. Over the weekend, The New York Times detailed
IRS stipulation could have consequences for seniors in a declining stock market Read More »
Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recover from Diamond’s scams. Louise Minter
In Chicago, a reverse mortgage scammer left a lasting scar Read More »
Following the release of the president’s fiscal year 2026 “skinny” budget request — and a look at the White House’s performance expectations for the Home Equity Conversion Mortgage (HECM) program — the U.S. Department of Housing and Urban Development (HUD) has released its congressional justifications document to explain the reasons for its appropriations requests. Normally,
HUD is light on reverse mortgage detail in budget justifications Read More »
An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in November 2026, according to court documents viewed by
Judge sets trial timeline for Mutual of Omaha and Longbridge Read More »
Senior living organizations are often seen by the public as opposing ideas related to aging in place, but one senior living executive says that the industry’s future may lie in facilitating this increasingly common goal. This is according to an interview with Tod Petty, chief marketing officer at Fynn, a senior living care management platform.
Aging in place increasingly embraced by independent senior living companies Read More »
This week at The Gathering by HousingWire, reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp., and Chris Mayer, CEO of Longbridge Financial, spoke in front of the assembled professionals
Fairway, Longbridge lead reverse mortgage presence at The Gathering Read More »