WASHINGTON — Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

"We think it is a really good product," said Michael Gordon, who is in charge of BNY's Home Equity Retirement Solutions program. "It is going to be a huge part of helping retirees have a secure retirement."

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access