Major servicers face class action claiming prohibited fees inflated HECM loan balances, risking older homeowners’ equity and ...

What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their ...

Plaintiffs claim reverse mortgage companies added prohibited costs to HECM loans, violating federal rules and HUD fee limits.

Longbridge Financial introduces AI voice agents for reverse mortgage servicing, expanding 24-7 support and streamlining ...

For many retirees, rising living costs and limited income can make financial stability feel out of reach. A reverse mortgage, also known as a home equity conversion mortgage (HECM), may offer a ...

Early adoption of always-on AI voice support reflects Longbridge's focus on modernizing senior home equity servicing ...

Reverse mortgages allow homeowners to tap into the equity they’ve built up in their homes without having to make monthly ...

For older homeowners considering a reverse mortgage, one of the most important factors to understand is the 60% rule. This lending cap, introduced as a safeguard, determines how much money borrowers ...

Both products are worth exploring for seniors this year. Here's how to determine which could be best for you now.

Retirees are increasingly exploring home equity as a tool to manage their rising costs. While inflation affects all of us, retirees are particularly vulnerable to its effects because of their fixed ...

Question: “I have been toying with the idea of using some of my 401(k) money to secure my mom’s house. My mom took out a reverse mortgage but exhausted her access once it reached $560,000. The home ...