President Donald Trump’s “Big Beautiful Bill” is headed back to the House for reconciliation after passing the Senate with a tiebreaking vote from Vice President JD Vance. The 1,116-page multitrillion-dollar bill contains some key changes for older Americans, including a senior bonus tax deduction that would offset taxes on Social Security. But the bill also […]
What’s in Trump’s ‘Big Beautiful Bill’ for seniors? Read More »
In May, Longbridge Financial debuted Platinum Preserve, a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. RMD spoke to Longbridge co-founder Melissa Macerato about the product’s origins, how industry pros have received it thus far, and how it differs from other Platinum line products. The interview with Macerato, the
Longbridge’s Melissa Macerato on how the latest proprietary reverse product came to be Read More »
Soaring prices and increasingly strained affordability have made things difficult for prospective buyers shopping for their first home. But for households that own their home already, rising prices have been a wealth bonanza. That’s evident in data from the annual State of the Nation’s Housing Report from Harvard University’s Joint Center for Housing Studies (JCHS),
Record-high home equity provides opportunity for the reverse mortgage industry Read More »
Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home. That’s according to insurance company Nationwide‘s 2025 Nationwide Retirement Institute Long-Term
The concerning math behind aging-in-place Read More »
The expanding ubiquity of artificial intelligence (AI) across all facets of life is not showing any signs of a slowdown — and that includes its interactions with the reverse mortgage industry. Bill Packer, chief operating officer of Longbridge Financial, previously explained how senior-focused tailoring of AI systems can help overcome issues tied to perceived institutional
The importance of meeting older customers where they are with AI technology Read More »
Adding fuel to what the baby boomer generation has been consistently saying for some time, a new Redfin survey shows that one-third of all boomer homeowners have no intention of selling their home. This further legitimizes claims that a “silver tsunami” of housing inventory is unlikely to materialize from older homeowners. While another 30% said
Redfin data reinforces boomers’ desires to remain in their homes Read More »
Rachel Gustafson serves as a certified financial planner with the Financial Investment Team, a firm based in Portland, Oregon. Over the course of a 12-year career in the field, she has a specialty for helping her clients figure out the best and most efficient ways to retire. When reverse mortgages first showed up on her
A financial planner shares her journey to understanding reverse mortgages Read More »
Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than
Global equity release market projected to top $56B by 2035 Read More »
As more companies embrace the incorporation of artificial intelligence (AI) into their business- and customer-facing operations, a concern has emerged among firms focused on delivering services to older people AI training typically occurs with younger staffers, who could then incorporate unconscious institutional biases that might leave seniors feeling alienated from the technology. Representatives of Longbridge
Longbridge’s Bill Packer on crafting AI that’s inclusive of seniors Read More »
Aging in place is gaining momentum among older homeowners, and the National Association of Home Builders (NAHB) has taken notice. The organization recently reported that 73% of homebuilding industry leaders say that requests for aging-in-place features have significantly or somewhat increased in the past five years, while 56% of remodelers are involved in home-modification work
NAHB encourages ‘practical’ renovations for aging in place Read More »