Propriety Reverse Mortgage Products Could Eclipse FHA’s HECM Program in 2019

Jul 2, 2019, Jamie Hopkins Contributor — Director of Retirement Research at Carson Wealth

The reverse mortgage market world heads in reverse away from the government created Home Equity Conversion Mortgage (HECM) and towards new propriety products. This is an encouraging sign because any healthy market needs competition, innovation, and variety. However, recently HECM program has been the driving force behind the reverse mortgage world, leaving many without an ideal solution to utilizing home equity as part of a sustainable retirement plan.

Financial Literacy for Seniors: Practical Money-Management Advice

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Financial literacy and money management skills are important at any age. In one’s youth, it’s important to save up for retirement. In retirement, it’s important to properly manage money so that you can continue to live comfortably while also paying for any unexpected medical bills or other expenses. If you’re a senior, or you have a senior loved one who is looking to improve their finances, this is the article for you.

Senior Housing Wealth Hits New High of $7.14 Trillion; Fuel HECM?

By Chris Clow | June 24, 2019 REVERSE MORTGAGE DAILY

Homeowners age 62 and older saw their collective housing wealth increase in Q1 2019 by 2.7 percent compared to the previous quarter. This constitutes an increase of approximately $104 billion to a record of $7.14 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. The increase was reported Monday in the quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI).

Generation of Americans Entering Old Age “Least Prepared in Decades”; Gallup numbers “spin”

“A Generation of Americans Is Entering Old Age the Least Prepared in Decades Low incomes, paltry savings, high debt burdens,failed insurance—the U.S. is upending decades of progress in securing life’s final chapter —

TO READ THE FULL STORY SUBSCRIBE SIGN IN June 22, 2018 1000 am ET By Heather Gillers, Anne Tergesen and Leslie Scism Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president.”