Michael Pinter's Reverse Mortgage Blog

The new housing bill (whenever it will take effect) will finally allow Home Equity Conversion Mortgages (HECM's) for Co-op's. this may not affect most of the country, but here in New York, it is a huge help. Besides the fact that most of the co-ops in the U.S. are in New York, the reality is that...

For months we waited for the bill to pass. Now that it has passed, no one really knows what it will mean (exactly) for Reverse Mortgages. The biggest questions are: 1) What will the new limits be? They can be as low as $417,000 nationally (not a big increase over the current $362,790) or as high ...