Three Advisor-Friendly Reverse Mortgage Strategies

By Kerry Pechter
In this installment of our HECM series, we review three strategies that should entice advisors: the HECM-for-purchase, the HECM-LOC for liquidity in down markets, and the HECM-LOC created at age 62 but tapped only if all other sources of cash are exhausted.

The ‘Kosher’ Reverse Mortgage (IV)

By Kerry Pechter
A kosher reverse mortgage lender will share what he or she earns when selling the loan by waiving or reducing the borrower's costs, says Wharton emeritus professor Jack Guttentag, aka "the Mortgage Professor." But not all HECM lenders keep kosher.

First Sign of Blood from DOL Fiduciary Rule

By Kerry Pechter
'The unexpected change regarding FIAs in the final DOL rule and the related Best Interest Contract Exemption has cast a cloud over our future growth rate,' said John Matovina, CEO of American Equity, the second-largest seller of fixed indexed annuities in 2015.

The Reverse Mortgage Puzzle: Part III

By Kerry Pechter
“There’s still a dark cloud over HECMs,” said Michael Banner, a long-time advocate of reverse mortgages who has a CE-accredited business devoted to teaching financial advisors about HECMs.
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Extra, extra! It’s a real-time event-based API!

By Editorial Staff
Wealth management firms, brokers, exchanges, trading software providers and fintech start-ups can use the service, which can monitor price data on stocks, futures, options, forex, mutual funds, ETFs and indexes.