Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards ...

The Mortgage Industry Standards Maintenance Organization (MISMO), the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association (MBA), announced this ...

A reverse mortgage allows homeowners over 62 to receive payments from the lender and repayment is made when the home is sold or the homeowner passes away. Different from the typical mortgage, a ...

For many retirees, their largest asset is their home — but they might not be ready to sell to cash in on their equity. That’s where a reverse mortgage can come into play. A reverse mortgage allows ...

A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the ...

What is a Reverse Mortgage? Are you interested in finding out about how a reverse mortgage works? A reverse mortgage is a financial agreement where the homeowner borrows money on their home's value, ...