Washington, D.C.- Fueled by rising home values, larger sales forces, and increased consumer acceptance, the number of federally insured reverse mortgages made in the U.S. in 2006 grew by 77 percent, according to the National Reverse Mortgage Lenders Association.
During the most recent federal fiscal year, ending September 30, the Federal Housing Administration (an arm of [...]

SAN MATEO, Calif., October 25, 2006 –- These days, with Baby Boomers approaching retirement and most of their parents still living, too, an unprecedented population of elders has given rise to new financial tools. Brad Stroh, co-founder and co-CEO of Bills.com, offers tips to help people understand reverse mortgages — and avoid falling victim to [...]