The Department of Housing and Urban Development has rescinded a controversial mortgagee letter for its Home Equity Conversion Mortgage program addressing some consumer and industry concerns, but a consumer watchdog group involved in a case contesting the letter said it is still keeping an eye o
Reverse mortgages likely to get stingier, more complex Denver Post WASHINGTON — Three years ago, with his former partner suffering from cancer, Jim Dorsey decided to borrow against the equity on his Vashon Island, Wash., home with a reverse mortgage.
When you consider that you could be spending 20 years or more in retirement, chances are high that you will encounter several ups and downs in the market, and so it’s important to weigh your risk exposure relative to your need for secure income (Retirement:...
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