Government set to crack down further on reverse mortgages

The federal government is getting ready for round two of the Great Reverse Mortgage Crackdown. Earlier this year, the Department of Housing and Urban Development eliminated one of the most risky reverse mortgage programs – upfront lump-sum loans issued at fixed interest rates. Now, it is proposing to further discourage big lump-sum reverse mortgages by […]

These women will try retirement ‘Golden Girls’ style

The big four-story house in suburban Pittsburgh might remind you of the set of “The Golden Girls.” But unlike the hit TV sitcom of the late 1980s and early ’90s, the three women who live there are not in it for the laugh track. Karen Bush, Louise Machinist and Jean McQuillin bought the Mount Lebanon, […]