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Reverse

IRS stipulation could have consequences for seniors in a declining stock market

HWmember, Internal Revenue Service, New York Times, Retirement, Reverse, Social Security, Stock Market, Tax /

Growing fears of a retirement crisis in the U.S. are no secret as Americans face a future that potentially includes fewer Social Security benefits. But the uncertainty of Social Security is not the only thing that seniors should consider as they seek to safeguard their financial well-being. Over the weekend, The New York Times detailed […]

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In Chicago, a reverse mortgage scammer left a lasting scar

Chicago, HECM, Home Equity, HUD, HWmember, Illinois, Reverse /

Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family’s struggle to recover from Diamond’s scams. Louise Minter

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HUD is light on reverse mortgage detail in budget justifications

Congress, Government Lending, HECM, HUD, HWmember, Mutual Mortgage Insurance Fund, Reverse, White House /

Following the release of the president’s fiscal year 2026 “skinny” budget request — and a look at the White House’s performance expectations for the Home Equity Conversion Mortgage (HECM) program — the U.S. Department of Housing and Urban Development (HUD) has released its congressional justifications document to explain the reasons for its appropriations requests. Normally,

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Judge sets trial timeline for Mutual of Omaha and Longbridge

California, HWmember, Lawsuit, Legal, Longbridge Financial, Marketing, Mutual of Omaha Mortgage, Reverse /

An order signed by a magistrate judge in the U.S. District Court for the Southern District of California has established a forward timeline for the ongoing lawsuit between major reverse mortgage industry lenders Mutual of Omaha Mortgage and Longbridge Financial. A trial is scheduled to begin in November 2026, according to court documents viewed by

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Aging in place increasingly embraced by independent senior living companies

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Senior living organizations are often seen by the public as opposing ideas related to aging in place, but one senior living executive says that the industry’s future may lie in facilitating this increasingly common goal. This is according to an interview with Tod Petty, chief marketing officer at Fynn, a senior living care management platform.

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Fairway, Longbridge lead reverse mortgage presence at The Gathering

Fairway Independent Mortgage, HECM, HWmember, Longbridge Financial, Retirement, Reverse, The Gathering, The Gathering 2025 /

This week at The Gathering by HousingWire, reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Dan Ventura, the president of reverse mortgage lending at Fairway Independent Mortgage Corp., and Chris Mayer, CEO of Longbridge Financial, spoke in front of the assembled professionals

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Tips for aging in place from … Best Buy?

Aging in Place, HWmember, NextAvenue, Reverse, Smart Homes, Technology /

Best practices for aging in place can come from a wide variety of academic and informational sources, but how often do you get these tips from the same place you browse the latest in TV and home theater technology? U.S. electronics retailer Best Buy is offering information on its technology product that could make aging

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Reverse mortgage performance was largely steady in May

Goodlife Home Loans, HECM, HMBS, HWmember, New View Advisors, Reverse, Reverse Market Insight /

Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate

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AI training could be alienating, leaving out older adults

AARP, Artificial Intelligence, HWmember, Kiplinger, Reverse, Technology /

Technology disruptions often arrive quickly and loudly, as has been the case with recent evolutions in artificial intelligence (AI). The use of AI-powered chatbots and devices could reshape the way people live and work for decades to come. But with any new major technological shift also comes the possibility that some people will be left

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New California wildfire homeowner assistance program includes reverse mortgages

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As communities and organizations continue to reckon with the impact of the Los Angeles-area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on

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