A reverse mortgage can provide a stream of consistent income for retirement. This type of financial arrangement allows eligible homeowners to convert their equity into income. Unlike a home equity ...

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to Longbridge Financial, reconfirming the ranking the company first achieved in 2021. The rating is officially ...

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), reconfirming the ranking the company was assigned at a ...

Founded in 2012, online lender Longbridge Financial is the third-largest provider of reverse mortgages in the U.S. As of February 2025, it's approved more than $94 million in loans. Longbridge stands ...

Bank of America recently announced it would stop offering reverse mortgages to customers. Reverse mortgages have been marketed toward elderly homeowners, as a way to use equity of the property for ...