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REVERSE MORTGAGE FOR SENIORS
Former NHB chairman Raj Vikash Verma passes away at 72; pioneered mortgage guarantee in IndiaRaj Vikash Verma, a leading figure in the financial sector, passed away at the age of 72. He played a crucial role in advancing housing fin...- Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve ...
- Michael Burry has a new short-selling partner. Who is Lakshmi Ganapathi?Michael Burry has joined Minerva Investment Management as a senior adviser, partnering with Unicus founder Lakshmi Ganapathi to launch a sh...
- India’s senior living market could become a $10.1 billion opportunity by 2030The senior living market in India is expected to blossom, with projections indicating it could reach USD 10.1 billion by 2030. This growth ...
- Reverse mortgage: Your house could pay you back but there's a catch
- US Treasury to double long-dated debt buybacks to battle surging yieldsThe US Treasury will double its buyback operations for long-dated government debt. This move aims to provide liquidity and ease rising bond...
- How seniors can unlock monthly income from their home: Reverse mortgage loan explained
- How reverse mortgage can help those hit hard by Covid pandemicLaunched in 2007, the reverse mortgage product was meant to have a far-reaching impact on our senior citizen population’s financial indepen...
- Should a senior citizen opt for reverse mortgage to get regular income?Reverse mortgage enables senior citizens to convert their one big asset —their home—into a source of regular income without giving up owner...
- Reverse mortgage: Tax breaks for seniors on the houseNow, the annuity income from a reverse-mortgage loan will become tax-free. The government has also scrapped the restriction of a 20-year an...
- Reverse mortgage: Key to secure golden yearsVikas Vasal, executive director, KPMG says that reverse mortgage can address the financial needs of senior citizens.
- House Proud: Elders refuse to buy reverse mortgageReverse mortgage, a popular model allowing senior citizens to take money out of their homes, is failing to find an abode in India.
- LICHFL hopes reverse mortgage scheme to be beyond 20 yrsWith the new UPA Government expected to give a push to economic reforms, LIC Housing Finance Ltd (LICHFL) hopes the Centre would resolve so...
- NHB in talks with insurers to restructure reverse mortgageNational Housing Bank (NHB) is in talks with leading insurance companies, including Life Insurance Corporation of India (LIC) to restructur...
- UBI set to launch reverse mortgage scheme by AprilFollowing the budget announcement that income received on reverse mortgage would not be taxed, public-sector lender Union Bank of India pla...
- SBI unveils reverse mortgage products for senior citizensState Bank of India (SBI) has become the first bank to introduce a reverse mortgage products for senior citizen after guidelines were issue...
- Reverse mortgage: Ticking bomb for senior citizens?Reverse mortgage payments will be considered a loan and not an income for tax calculations. But this class of housing finance is unlikely t...
- Senior citizens can now afford to retirePayout from reverse mortgage scheme to be treated as 'loan' & not 'income' in the hands of borrower.
- Reverse mortgage may also find home on country roadsOld age may no longer be a curse for those who own agricultural land but no strength to till it.
- ICICI Bank keen to foray into reverse mortgageICICI Bank is keen to enter the reverse mortgage business once the guidelines are laid out, a top bank official said.
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