Many seniors aged 62 or over are house rich but cash poor. They have built up great equity in the value of their homes but have very little in savings. They may wish to pay off a conventional mortgage ...

A law enacted at the end of last year allowing reverse mortgage loans on co-operative living spaces for New York state residents may necessitate some broader education about the product category for ...

Although the reverse mortgage industry worked diligently to assist in the development of legislation related to reverse mortgage loans on housing co-operatives in the state of New York, the efforts of ...