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Reverse Mortgage July 4, 2009
Baltimore HUD Homes | July 4th 2009 by Carlos Sagastume
reverse mortgage (or lifetime mortgage) is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner's obligation to repay the loan is deferred until the owner dies, the ho read more
Ageing in the rich world:The end of retirement
Silver Innings - Blog Dedicated for Elders | July 3rd 2009 by Sailesh Mishra
Reverse Mortgage Rates
Personal finance | July 3rd 2009 by robi
Reverse mortgage is a program for senior homeowners of 62 years old or more to access homes equity without monthly repayment. The reverse mortgage can be used to pay off bills, have vacation, and many other things during retirement life. If you are a read more
LTC Global Invests In Reverse Mortgage Business
Reverse Mortgage Daily | July 2nd 2009 by John Yedinak
LTC Global announced that Brett Carter has joined LTC Global as Director of Business Development of LTC Global’s Mortgage Division. Carter’s primary duties will include continued participation in the business activities of Next Generation Financi read more
NRMLA Ethics Advisory: Offering Financial and Insurance Products…
Reverse Mortgage Daily | July 2nd 2009 by John Yedinak
The National Reverse Mortgage Lenders Association issued two new Ethics Advisories which outline the expected standards and practices in selling other financial and insurance products as well as standards for mortgage lead generation activities. The read more
NY Times: Reverse Mortgage Enables Seniors to Purchase Home
Reverse Mortgage Daily | July 2nd 2009 by John Yedinak
New York Times writer Bob Tedeschi wrote about the HECM for purchase program which enables older borrowers to use a reverse mortgage to buy a principal residence. While the guidelines for the program were released early in 2009, the program is read more
Reverse Mortgages: How do they work?
My FHA Mortgage Blog | July 1st 2009 by Mark Madsen
.style1 { font-size: large; } A reverse mortgage is a loan against your home that you do not have to pay monthly payments for as long as you live in the home. In Utah you can refinance a traditional mortgage with a reverse mortgage and/or be paid c read more
GAO: HUD Needs to Improve Oversight of Reverse Mortgage Counselin…
Reverse Mortgage Daily | July 1st 2009 by John Yedinak
A new report from Government Accountability Office (GAO) found that the Department of Housing and Urban Development’s internal controls do not provide reasonable assurance that counseling providers are complying with HECM counseling requirements. A read more
Reverse Mortgage Servicer Celebrates 40 Years, Optimistic Outlook…
Reverse Mortgage Daily | July 1st 2009 by John Yedinak
Lansing, MI based Celink is celebrating its 40th year of business and despite being located in the heart of an economically troubled state like Michigan, John LaRose, CEO of Celink reflects on the past and looks with optimism to the future. “There read more
New Rules Allow Use of Reverse Mortgages for Purchase of Principa…
Annuity Digest - Tom's Blog | June 30th 2009
New guidelines allowing older borrowers to use a reverse mortgage to purchase a principal residence went into effect earlier this year. Previous guidelines had restricted the use of reverse mortgages to real estate transactions that involved refinanc read more
Reverse Mortgages Require Prudent Evaluation
Senior Money Memos | June 30th 2009 by Barry Welford
Image via Wikipedia Reverse Mortgages have been in the headlines for the past few months. Seniors are using reverse mortgages to repair diminished nest eggs, as they try to stave off the damaging effects of this major recession: Seniors’ po read more
Security One Lending Acquires OMNI Reverse
Reverse Mortgage Daily | June 29th 2009 by John Yedinak
Late Friday afternoon Security One Lending acquired OMNI Reverse in a stock transaction which makes it the 9th largest reverse mortgage lender according to HUD’s endorsement reports. The combination of the two organizations will bring together lead read more
HUD Estimates $30 Billion in Reverse Mortgages For FY 2010
Reverse Mortgage Daily | June 29th 2009 by John Yedinak
When the Department of Housing and Urban Development unveiled its 2010 budget request last month, it included a request for $798 million credit subsidy for the FHA’s reverse mortgage program. It’s the first time HUD has requested a subsidy read more
Last Chance, Sign Up For Free Reverse Mortgage Training
Reverse Mortgage Daily | June 29th 2009 by John Yedinak
Reverse Mortgage Daily and Monte Rose are pleased to present another free training session where Monte will show you a Formula for Reverse Mortgage Success on Wed July 1st at 12pm (EST). Whether you lead a sales organization or are a loan offic read more
Sponsored Reverse Mortgage Podcast: Regulators, GAO Studies, and…
Reverse Mortgage Daily | June 29th 2009 by John Yedinak
Reverse Fortunes Weekly Podcast: Episode #57 Regulator’s comments stir controversy in reverse industry New Podcast on Reverse Fortunes Weekly. Keep up to date on industry news and trends along with training and interviews in this exciting read more
What are the current interested rates for a 30 year fixed purchas…
FHA Loan Rates | June 27th 2009 by hendro iskandar
just wondering, because we've been looking at buying a house and we were pre approved 6 months ago @ 4.75% (not a jumbo loan, less than 250k) we would like to put 20k down, probably not 20%. What are the rates for a traditional 30 year fixed, co read more
Top Ten Reverse Mortgage Safety Features
This Economy | June 26th 2009 by junior willard
The Reverse Mortgage is one of the safest Senior Products ever created. It allows for seniors to take equity safely from their homes with a decent interest rate and never make a payment. Here are 10 reasons why the Reverse Mortgage is a fantastic p read more
Lewis Fights Back Against Regulators Comments About Reverse Mortg…
Reverse Mortgage Daily | June 26th 2009 by John Yedinak
The media continues to dwell on the speech given by Comptroller of the Currency’s John Dugan at the ABA’s Regulatory Compliance Conference and Generation Mortgage’s Jeff Lewis continues to fight back. I think it’s fair to say that Lewis h read more
NGFS Adds Regional Managers, Continues Reverse Mortgage Expansion
Reverse Mortgage Daily | June 26th 2009 by John Yedinak
Next Generation Financial Services, a Division of 1st Mariner Bank announced that JoAnna Bignell and Peter Klamkin have been added as regional managers. The new hires will help NGFS expand its originator base which it hopes to bring to 100 by t read more
New Reverse Mortgage Companies Looking To Expand
Reverse Mortgage Daily | June 26th 2009 by John Yedinak
Here are a few of the new jobs posted to Reverse Mortgage Jobs Online: Team Leaders Wanted (California) American Advisors Group Reverse Mortgage Originator (Nationwide) Allied Mortgage dba Reverse Ultra Reverse Mortgage Originators read more
Puerto Rico Means Business: Interview With Money House President…
Reverse Mortgage Daily | June 25th 2009 by John Yedinak
While states like California and Florida get most of the attention in the reverse mortgage industry, there is lots of buzz about Puerto Rico being the next big hotspot for reverse mortgages. After a bit of research it became obvious that the bu read more
MetLife Reports on Changing Role of Reverse Mortgages in Retireme…
Reverse Mortgage Daily | June 25th 2009 by John Yedinak
As older homeowners struggle to find new sources of retirement income, growing numbers are starting to tap their housing wealth by using home-equity loans or reverse mortgages. A new report from MetLife Mature Market Institute calls for a more read more
I need a mortgage on a home that is zoned commercial/mixed – wh…
CtrlShift | Financial News | June 24th 2009 by ctrlshift
Age a real barrier to future strength in Australia
Silver Innings - Blog Dedicated for Elders | June 22nd 2009 by Sailesh Mishra
Reverse Mortgage Decision Better
Make Finance Better | June 22nd 2009 by Dwi Wahyudi
Nowadays the best cd rates have the longest maturities, and usually many investors will even go as far to say that a certificate of deposit is the best and safest investment. By the way there are some people who invest in a certificate of deposit to read more
MBA Proposes Model Legislation For Proprietary Reverse Mortgage P…
Reverse Mortgage Daily | June 22nd 2009 by John Yedinak
While the majority of reverse mortgages originated continue to be FHA insured HECMs, regulators and legislators are voicing concerns about the need for consumer safeguards for proprietary reverse mortgage products. During a speech earlier this month, read more
Industry Veteran Calls Out HUD On HECM Recourse Policy (Part 2)
Reverse Mortgage Daily | June 22nd 2009 by John Yedinak
Ding Ding! Here comes “Round 2” from Atare Agbamu in his second installment of An Assault on Fairness: Quash Mortgagee Letter 2008-38 (Part 2). In Round 2, he discusses how the arms-length rule in the ML has the potential to arouse anger and read more
Reverse Mortgage Loans - Important Reverse Home Mortgage Informat…
Personal Loan Advisor | June 20th 2009 by Jimmy Chuang
In 1989 HUD, The Department of Housing and Urban Development announced the reverse home mortgage initiative, which is also know as the home equity conversion mortgage. This initiative was created to help seniors liquefy over 4 trillion dollars of equ read more
What is a Reverse Mortgage? Reverse Home Mortgages Explained
Best Articles Guide | June 20th 2009 by Admin
In 1989 HUD, The Department of Housing and Urban Development announced the reverse home mortgage initiative, which is also know as the home equity conversion mortgage. This initiative was created to help seniors liquefy over 4 trillion dollars of equ read more
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