Tag: HUD
The baby boom generation is continuing to work its way up the age ladder. The number of Americans over 80 will more than double to nearly 18 million over the next two decades. And that’s partly because baby boomers are healthier and are living longer – they are also enjoying more of their retirement years…
Bad news for retirees. The two biggest players in reverse mortgages exited the business. Bank of America (#2) quit in February and Wells Fargo (#1) in June. Reverse mortgages enable people 62 and over to tap their home equity. And despite the bursting of the housing bubble, the house is a crucial component of most…
