“While reverse mortgages can provide real benefits, they also have some of the same characteristics as the riskiest types of subprime mortgages – and that should set off alarm bells,” Comptroller Dugan said. The experience with subprime mortgages “clearly demonstrates the link between compliance and safety and soundness.”
Reverse mortgages provide a source of income or [...]

The Obama administration is asking taxpayers to subsidize the Federal Housing Administration’s program for reverse mortgages for the first time.
The administration has requested that Congress appropriate $798 million for the program, according to budget documents released by the White House Thursday. However, the FHA’s flagship single-family mortgage insurance program will remain self-funded, squelching concerns that [...]

Home Purchase with a Reverse Mortgage is available almost nationwide…
The Federal Housing Administration early this year approved such a deal as a form of reverse mortgage for home buyers who are 62 or older.
But in Texas, the only thing anyone can do is imagine. The home-equity-for-purchase deal is available in 49 states, but not Texas.
Here’s [...]

HUD Home Equity Conversion Mortgage (HECM) reverse mortgage data.
According to the Housing and Urban Development (HUD), HECM reverse mortgage volume increased nearly 7,000 loans from calendar year 2007 to calendar year 2008. Similarly, HUD data shows that endorsement volume in March 2009 increased 24 percent from February of 2009, and set a new monthly [...]

Here are some reveres mortgage questions that most people might be interested in. You can also review our Reverse Mortgage overview.
Do you qualify? Are you and any co-owner of the home at least 62 years old? Do you own your home and live in it as your primary residence? These qualifications need to be met [...]