The Department of Housing and Urban Development sent a notice to counseling agencies warning them of prohibited marketing practices it has seen recently. According to HUD, a number of agencies that ...

The Federal Housing Administration (FHA) this week published a new proposed policy for the Home Equity Conversion Mortgage (HECM) program, which would update the way debenture interest rates for HECM ...

In response to rapid growth in the number of seniors applying for reverse mortgages, the U.S. Department of Housing and Urban Development has issued a notice expanding the network of counselors ...

A HECM, or otherwise known as a reverse mortgage, is the most regulated mortgage loan one can obtain and here is why. HUD, or the U.S. Department of Housing and Urban Development, is a federal agency ...

Inheriting a house with debt always involves doing some extra homework, and if the home has a reverse mortgage, there's a ...

Go with the flow of home buying How a home builds generational wealth: Home equity and your family’s future What to explore and what to ignore on a home tour Everything you need to know about ...

Q. We are senior citizens who own a condominium with no mortgage. We want to stay in our condominium, however, our savings are dwindling, and our fixed income is not keeping up with our expenses. One ...

As with a conventional mortgage, there are costs associated with a reverse mortgage. While they are generally perceived as being high, once you get a bit more pespective you’ll see that the cost of a ...

The retirement landscape has shifted dramatically in recent years, with many Americans now finding themselves equity-rich but cash-poor as they enter their golden years. While traditional pension ...

Here's a sobering message for anyone who has a federally insured reverse mortgage or plans to apply for one: If you don't pay your local property taxes or hazard-insurance premiums, the risk of losing ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...