State- and D.C.-level laws, statutes, and codes pertaining to reverse mortgages Fact checked by Melody Kazel Reviewed by Doretha Clemon In addition to federal laws regulating reverse mortgage loans, ...

These loans allow older homeowners to borrow against their home equity. But unlike a traditional loan, you don’t have to make a monthly mortgage payment when you take out a reverse mortgage. Instead, ...

A reverse mortgage is designed for homeowners 62 or older that allows them to convert part of the equity in their home into cash. On its face, a reverse mortgage may sound like a ...

For many older homeowners, home equity has become one of the most valuable financial resources they have. Case in point? U.S. homeowners held a collective $17.8 trillion in home equity as of mid-2025, ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There's a lesser-known reverse mortgage designed for specific, essential ...

Finance of America is buying Onity's MSRs and loan pipeline in this niche as PHH retains its role as a subservicer and ...

With a reverse mortgage, you borrow against the equity in your home, freeing up cash. Here’s what that means when it comes to taxes, senior benefits, and interest rates. It feels like everything costs ...

In connection with the transaction, Finance of America will also acquire PHH's pipeline of reverse mortgage loans, bring select members of PHH's experienced origination team into its platform and ...

A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. Maura Healey (D), ...

When you inherit a home with a reverse mortgage, you're given six months to pay off the balance, or up to a year if you can get the deadline extended. It's best to work with the loan servicer to avoid ...

What can you tell me about reverse mortgages? When my husband passed away last year my income dropped almost in half, and I’ve been struggling to keep up with my monthly living expenses. For retirees ...