Apply Online
Schedule a Call

Reverse

Restitution checks possible for some reverse mortgage borrowers after CFPB action

CFPB, HWmember, Legal, Mortgage Servicing, Novad Management Consulting, Regulatory Compliance, Reverse, Reverse Mortgage Daily, Sutherland /

Reverse mortgage borrowers whose loans were previously serviced by U.S. Department of Housing and Urban Development (HUD) subcontractor NOVAD Management Consulting LLC may receive reimbursement checks in the mail following a 2024 enforcement action brought by the Consumer Financial Protection Bureau (CFPB). The National Reverse Mortgage Lenders Association (NRMLA) notified its members on Friday morning in […]

Restitution checks possible for some reverse mortgage borrowers after CFPB action Read More »

Reverse mortgage line of credit remains underused — but advisers may be receptive

Baby Boomer, Financial Adviser, HWmember, LendingLife, Mutual of Omaha Mortgage, Retirement, Reverse, Reverse Mortgage Daily /

Ryan Ponsford, a veteran financial adviser with more than 25 years of experience in wealth management, real estate and lending, is unequivocal: “The reverse mortgage line of credit is one of the most misunderstood, underutilized tools in retirement planning today.”   “The scary part — put five reverse mortgage people in a room and ask them

Reverse mortgage line of credit remains underused — but advisers may be receptive Read More »

Georgia legislation would curb HOA foreclosures as senior fights loss of his house

Foreclosure, Georgia, HOA, Homeownership, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

Three Georgia state representatives have introduced legislation aimed at stripping homeowners associations (HOAs) of their ability to foreclose on homes while and giving residents a direct vote on whether to dissolve their associations. State Reps. Sandra Scott, Viola Davis and Kim Schofield introduced the two bills in late January. Each are now moving through House

Georgia legislation would curb HOA foreclosures as senior fights loss of his house Read More »

Out-of-pocket health care costs eat up retirees’ income

Center for Retirement Research, Centers for Medicare and Medicaid Services, Healthcare, Retirement, Reverse, Social Security /

Out-of-pocket health care costs continue to take a sizable bite out of retirees’ finances — even as Medicare coverage expands and recent policy changes aim to reduce drug costs, according to a new brief published by the Center for Retirement Research at Boston College. Using data from the 2018-2022 versions of its Health and Retirement

Out-of-pocket health care costs eat up retirees’ income Read More »

Retirement accounts become emergency funds as financial stress rises

Affordability, Baby Boomer, HWmember, Retirement, Reverse, Social Security /

Long-term retirement accounts are increasingly serving as sources of emergency funds as American workers confront rising costs and persistent financial anxiety, according to multiple recent studies. Surveys from Allianz Life Insurance, Payroll Integrations and F&G Annuities and Life show Americans cutting back on retirement contributions and tapping savings meant for later life to cover immediate

Retirement accounts become emergency funds as financial stress rises Read More »

Fewer Medicare Advantage plans could create tough choices for senior homeowners

Baby Boomer, Centers for Medicare and Medicaid Services, Healthcare, HWmember, Retirement, Reverse /

Rising health care costs, paired with minimal rate growth for Medicare Advantage plans, could accelerate insurer withdrawals from states and counties nationwide, potentially disrupting coverage options for millions of older Americans. Several of the nation’s largest insurers — including UnitedHealthcare, Aetna, Elevance Health and Humana — have already scaled back Medicare Advantage offerings in 2026

Fewer Medicare Advantage plans could create tough choices for senior homeowners Read More »

WalletHub says these are the best states for retirees in 2026

Affordability, Florida, HWmember, Retirement, Reverse, Reverse Mortgage Daily, South Dakota, WalletHub, Wyoming /

A new WalletHub study compares all 50 states to identify where retirees may find the most favorable balance of affordability and quality of life — with Wyoming taking the top spot. The analysis highlights wide disparities between states, with some offering budgets that stretch much further than others. Following closely behind Wyoming were Florida, South

WalletHub says these are the best states for retirees in 2026 Read More »

House approves funding boost for Social Security Administration

Congress, House of Representatives, HWmember, Retirement, Reverse, Social Security, Social Security Administration, Trump administration /

The House of Representatives approved legislation last week to bolster customer service efforts at the Social Security Administration (SSA), advancing a broader funding package aimed at avoiding a government shutdown at the end of this month. Lawmakers paired the funding increase with oversight requirements, instructing the SSA to avoid closing field offices or cut direct

House approves funding boost for Social Security Administration Read More »

Gen X investors are confident, but they often lack formal retirement plans

Gen X, HWmember, Retirement, Reverse, Reverse Mortgage Daily /

A new study commissioned by Equitable and conducted by The Wall Street Journal’s Intelligence Unit examines how Gen X is approaching investing and retirement planning. The research is based on a survey of 500 retail investors — primarily Gen X — with millennials and pre-retiree baby boomers included for comparison. Gen X includes more than

Gen X investors are confident, but they often lack formal retirement plans Read More »

Onity Group raises $200M in debt, reports strong estimated Q4 earnings

Debt, Earnings, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with

Onity Group raises $200M in debt, reports strong estimated Q4 earnings Read More »