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Model Reverse Mortgage Legislation: Are States Listening?
Reverse Mortgage Daily | September 15th 2009 by John Yedinak
As industry representatives develop and circulate model legislation intended to guide state lawmakers in creating rules for reverse mortgage lending, there is some question about how much they are taking heed. “States are not paying too much attent read more
FINRA Concerned About Reverse Mortgages Funding Investments
Reverse Mortgage Daily | September 15th 2009 by John Yedinak
Fox News contributor Gail Buckner writes that as reverse mortgages continue to get more popular, federal regulators are taking notice. “Reverse mortgages in the right circumstances are a good idea for people who need income,” says John Gannon, w read more
Reverse Mortgage Rates – September 15, 2009
Reverse Mortgage Daily | September 15th 2009 by John Yedinak
The average HECM borrower will see the same initial benefits as last week. The rates as of 9/15/09 are: Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software – The Industry Standard Since 199 read more
What are Reverse Mortgage Loans?
Reverse Mortgage Blog | September 15th 2009 by Gerry Marsh
Arek Zbikowski asked: Do you know that there are mortgages that you do not need to repay either as you continue living at your present location or, indeed, throughout your entire lifetime? Yes, there are. These types of home loans are known as revers read more
Steps to Getting a Reverse Mortgage
Reverse Mortgage Blog | September 14th 2009 by Gerry Marsh
Brian Armstrong asked: Here are a few of the steps you’ll want to go through to get started with a reverse mortgage. Keep in mind that these types of loans are not necessarily for everybody, but they can be a great source of funding when senior read more
HUD Considering New Reverse Mortgage Product
Reverse Mortgage Daily | September 14th 2009 by John Yedinak
Despite the possibility of the Home Equity Conversion Mortgage (HECM) changing due to the $800 million subsidy request, the US Department of Housing and Urban Development is considering adding an additional reverse mortgage product to serve the needs read more
Senior Hopes Reverse Mortgage Will Cure Delinquent Property Taxes
Reverse Mortgage Daily | September 14th 2009 by John Yedinak
An article from the Ridgefield Press shows how a local community is forced to send four houses, a vacant lot, and two commercial properties to the auction block later this month due to delinquent taxes. “Nobody loses their home right away, n read more
Reverse Mortgage Lender: Make a Wise Choice
Reverse Mortgage Blog | September 14th 2009 by Gerry Marsh
Antonio Redford asked: Finance is one important aspect of our life and till the time one is earning and there is a regular flow of money, this is not at all an issue. However once a person attains the retirement age things becomes really difficult fo read more
Reverse Mortgage and lack of awareness about it!
Technology Inside Outside | September 14th 2009 by muneeb
If you are older and retired then you must be thinking to take the reverse mortgage facility but with the increase in interest rate you must be feeling hesitation. Despite the increasing interest, there is a lack of awareness and education among both read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Gainesville Real Estate - Virginia Oaks Real Estate News | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Gainesville & Haymarket Real Estate - Piedmont Real Estate N… | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Gainesville Real Estate - Lake Manassas News | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Gainesville VA Real Estate - Heritage Hunt News | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. S read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Haymarket Real Estate - Dominion Valley News | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. Se read more
Mortgage Information ~ Top 5 Facts You Need to Know About Reverse…
Ed Butler's Blog | September 11th 2009 by Ed Butler
Is a Reverse Mortgage a Good Idea? Top 5 Facts You Need to Know If you or someone you know is over 62 and a homeowner, you have a unique opportunity to get significant, spendable value from your home, even if you still hold an existing mortgage. read more
Countrywide Reverse Mortgage Loans
Reverse Mortgage Blog | September 11th 2009 by Gerry Marsh
trinity reverse asked: For most people there are mortgages, for everyone else there are reverse mortgages. What is a reverse mortgage? First of all, only the most privileged American citizens are able to even qualify for a reverse mortgage loan, and read more
California Reverse Mortgage Bill Passes Assembly, Heads to Senate
Reverse Mortgage Daily | September 11th 2009 by John Yedinak
The California Assembly passed a bill earlier this week, which is meant to provide an additional level of protection to senior citizens considering reverse mortgages. Passed by a vote of 49-29, SB 660 requires that a checklist be provided to t read more
Reverse Mortgage Website Provider Releases New Features
Reverse Mortgage Daily | September 11th 2009 by John Yedinak
Reverse Fortunes released a new version of MyRMAgent, a tool that allows reverse mortgage originators to quickly establish a presence on the web. Version 2.0 gives companies more customization options to match their brand and licensing requirem read more
Washington Trust Adds New Reverse Mortgage Professionals
Reverse Mortgage Daily | September 11th 2009 by John Yedinak
Washington Trust Company announced that it added Robert Schattle and Jeffrey Shotwell as reverse mortgage professionals for its new Massachusetts office. “In this economic environment, reverse mortgages are an excellent option for senior homeowners read more
Live Easy With Reverse Mortgages
Reverse Mortgage Blog | September 11th 2009 by Gerry Marsh
Antonio Redford asked: What are reverse mortgages and how can it help in procuring loan against property? Well reverse mortgages are loans against the equity in the home and provides tax-free cash advances to its clients. In fact, at the same time re read more
Negative Amortization
Loan Mortgage Credit | September 10th 2009 by R.MAK
Negative amortization is a phenomenon in which the principal balance on a loan increases every month, rather than decreasing with each payment. because the payment fails to cover the payable principle and interest . read more
Appropriations Bill Set to Change FHA Reverse Mortgage Program
Reverse Mortgage Daily | September 10th 2009 by John Yedinak
As politicians head back to Washington to vote on healthcare and a range of other issues, the reverse mortgage industry waits to see what the Home Equity Conversion Mortgage (HECM) will look like starting in FY 2010. The House passed its appropriatio read more
A Reverse Mortgage: Is It Right for You?
Write On New Jersey | September 10th 2009 by Tom Petruzzelli
For many older Americans, the dollar value of the equity in their homes rivals or even supersedes investment and retirement savings. Traditionally, for those wishing to tap into the equity in their homes, there were only two options: sell it or b read more
Generation Names New CEO
Reverse Mortgage Daily | September 10th 2009 by John Yedinak
Generation Mortgage announced that Scott Peters will succeed former president and CEO Joe Morris, who will take on the role of executive director and represent Generation as an industry advocate and play a stronger role with organizations such as the read more
Should Retirees Carry a Mortgage Into Retirement?
Reverse Mortgage Daily | September 10th 2009 by John Yedinak
Boston College’s Center for Retirement Research recently published a brief which asked “Should You Carry a Mortgage into Retirement?” It states that although it remains the goal of many households to repay their mortgage by retirement, an read more
How does an FHA home loan differ from other home loans?
FHA Loan Rates | September 9th 2009 by hendro iskandar
I’m looking at houses online and some of them say FHA buyers welcome. Does this mean that some people don’t want to deal with someone who has an FHA loan? Please also tell me anything you know about FHA loans. Thanks. Related Articles read more
Nevada Task Force Warns of Fraudulent Reverse Mortgage Counseling
Reverse Mortgage Daily | September 9th 2009 by John Yedinak
Channel 8 in Las Vegas is reporting that scammers are targeting seniors through reverse mortgages using a tactic called fraud counseling. "A senior may not know they are eligible for $100,000 in equity for their home — they may think itR read more
What do you understand by the Term Refi?
Loan Mortgage Credit | September 9th 2009 by R.MAK
Refi is a term that is commonly used in the mortgage banking industry. Refi is just a short form of refinance. A refi is formed by obtaining finance through a new mortgage loan in order to pay off an existing mortgage loan. Though to proceed with a r read more
WSJ: Government Officials Concerned About FHA’s Loan Losses
Reverse Mortgage Daily | September 9th 2009 by John Yedinak
With all the talk about the Federal Housing Administration’s request for a $798 million subsidy for the HECM program, government officials are starting to voice their concern over FHA as a whole as many feel its reserves could fall below the level read more
Tax Credit To Help Georgia HomeBuyers
GA Loan Pro | September 9th 2009 by Georgia Loan Pro
Tax Credit To Help Georgia HomeBuyers In the midst of one of this countries deepest recessions comes one of it’s greatest opportunities, for new homebuyers. With mortgage rates and housing prices at an all time low, there has never been a bet read more
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