Reverse Mortgages in the News

In The News Now

Is a Reverse Mortgage Right for You?
WLBT-TV, MS - May 8, 2008
She counsels seniors and others on all aspects of home ownership, as well as reverse-mortgage requirements. "What you're actually doing is putting your home ...

Reverse mortgage specialist joins Wells Fargo
MyWebTimes.com, IL - May 7, 2008
Wendorf will work exclusively with senior homeowners seeking a reverse mortgage, a home financing program that allows homeowners to use the equity in their ...

Sydney Morning Herald

Credit crunch dogs retirees
Sydney Morning Herald, Australia - May 6, 2008
Illustration: Karl Hilzinger Many people may take out a reverse mortgage to provide themselves with a steady income. But what effect will the global credit ...
Bluestone repositions reverse mortgages The Financial Standard
all 2 news articles

Tom Scabareti Joins Fidelity Reverse Mortgage
TransWorldNews (press release), GA - May 6, 2008
Fidelity Reverse Mortgage, a reverse mortgage company, headquartered in Denver, Colorado announces the hiring of Tom Scabareti, as vice president of ...

Senior Lending Network Supports GrandRally 2008 in Washington, DC
PR Newswire (press release), NY - 8 minutes ago
Reverse mortgage lender partners with national group to lobby for seniors - MELVILLE, NY, May 9 /PRNewswire/ -- Senior Lending Network, the educational ...

WSFS Buys Stake in Reverse Mortgage Lender
Housing Wire - May 5, 2008
(WSFS: 50.38, -1.18%), the parent of WSFS Bank, said Monday that it had purchased a majority stake in wholesale reverse mortgage lender 1st Reverse ...

Reverse Mortgages 101
TheStreet.com - May 5, 2008
As money becomes tight during the golden years, retirees are banking on their homes -- in reverse. By taking on a reverse mortgage, borrowers aged 62 and ...

Fresh News

AIG sees no signs of mortgage asset market rebound yet
guardian.co.uk, UK - 1 hour ago
The company has said it expects much of the costly revaluation of its credit swaps to reverse over time, as market conditions improve. ...
Starr Foundation sues AIG, alleging fraud Forbes
AIG to raise $13.3b after latest loss Sydney Morning Herald
AIG says rating cuts to raise costs; shares fall guardian.co.uk
all 468 news articles

AARP warns state's seniors about 'free lunch' seminars
Romeo Observer, MI - May 7, 2008
But, there is a new twist on the sales pitches for reverse mortgages - seniors are being urged to take out a reverse mortgage to buy risky investments, ...

Product Shift Keeps Mortgage Firm Afloat
Wall Street Journal - Apr 30, 2008
LoanWell stopped marketing traditional mortgages altogether and shifted the business into reverse mortgages. With a reverse mortgage, generally available to ...

The following section contains up to the minute news coverage of reverse mortgages as provided by Google News Alerts. There are additional links to television news stories and a small sampling of print articles published in regional and national newspapers this year.

Television / Radio

Following is a list of television networks and local stations that have provided news coverage of reverse mortgages over the past several years.

Good Morning America - 1/8/08

St. Louis, MO (NBC Affiliate) - 7/24/2007

NBC Nightly News - 2/12/2007

Hartford, CT (NBC Affiliate) - 5/13/2006

CBS' The Early Show - 2/02/2006

NBC Nightly News - 2/28/2005

CBS Early Show - 7/19/2003

CBS' The Early Show - 12/11/2002

News Coverage

Following is a sample listing of articles that discuss reverse mortgages.

St. Louis Post-Dispatch - Jan. 20, 2008
Check the Fine Print When Getting a Reverse Mortgage

The Daily Progress (Charlottesville, VA) - Jan. 19, 2008
Is it the Right Mortgage?

Pittsburg Mortgage Sun (KS) - Jan. 9, 2008
Elderly Homeowners Look into Reverse Mortgages for Additional Cash

The Wall Street Journal - Nov. 13, 2007
Reverse Mortgages: The Choices Expand

The Wall Street Journal - Nov. 8, 2007
Reverse Mortgages to Back Bond Issue

The Post and Courier (Charleston, SC) - Nov. 4, 2007
Seniors Tap Home Equity with Reverse Mortgages

Nashua (NH) Telegraph - Nov. 2, 2007
Richer Homeowners Find Reverse Mortgages Useful

U.S. Department of Housing and Urban Development-July 17, 2007
Two Million More Seniors Could Access Reverse Mortgages Under FHA Reform Proposal

The Ledger Online (FL)-July 16, 2007
Older Americans Can Find Financial Shelter at Home

San Francisco Chronicle-July 15, 2007
Jumbo Reverse Mortgages for Boomers

LA Times-June 24, 2007
Reverse Mortgages Can Be a Golden Opportunity

U.S. Department of Housing and Urban Development-June 20, 2007
More than 300,000 Seniors Benefiting from HUD Reverse Mortgages

The Free Lance-Star (Fredericksburg, VA)-May 6, 2007
"Miracle Mortgage" Can Save a Home

RealtyTimes.com-May 1, 2007
Reverse Mortgages Boom While the
Rest of the Industry Swoons

New York Times-February 9, 2007
Many Choose to Go in Reverse

Pittsburgh Tribune-Review-March 1, 2007
Reverse Mortgages Help Elderly Residents Stay in Their Homes

The Wall Street Journal (as published in the San Diego Union-Tribune)-Jan. 30, 2007
Reverse Mortgages Turn Home Equity Into Income

SNLFinancial-Jan. 30, 2007
Reverse Mortgages Set to Explode, Ginnie Mae Says

BusinessWeek-February 5, 2007
Pumping Up Your Reverse Mortgage

Money Magazine-March 23, 2006
Reverse Mortgages: Stay Home, Make Money

MarketWatch (Dow Jones)-Jan. 5, 2006
Realty Q&A: Reverse Mortgages Meet Financial Needs for Many Seniors

TheStreet.com-May 9, 2006
Moving Forward With Reverse Mortgages

Arizona Daily Star-August 13, 2006
Finding Money at Home

Dallas Morning News-April 27, 2006
Getting Money Back From Your Home

The Washington Post-January 8, 2006
Keep the House, But Get the Cash

Kiplinger's Personal Finance-May 2006
Medicaid Gets Tough