Personal Finance Advice and Commentary

Friday, July 03, 2015 7:00 am
By Dr. Don Taylor ·

In 2011, the courts established that HUD had violated the law by triggering payment of the loan while the non-borrowing spouse was still in the house.

Friday, March 27, 2015 12:00 pm
By Dr. Don Taylor ·

The non-borrowing spouse of a HECM entered into prior to Aug. 4, 2014, may — providing certain conditions are met — be named on the mortgage after the death of the primary borrower.

Thursday, January 22, 2015 7:00 am
By Dr. Don Taylor ·

The HECM program was designed to allow seniors to purchase a new principal residence and obtain a reverse mortgage within a single transaction.

Sunday, March 23, 2014 6:05 am
By Jennie L. Phipps ·

Borrowing against the equity in your home can have pitfalls.

Thursday, June 20, 2013 9:47 am
By Judy Martel ·

The FHA is attempting to recoup losses with stricter standards for its reverse mortgage program.

Tuesday, April 16, 2013 4:42 pm
By Judy Martel ·

The FHA is changing the rules for lump-sum payouts.