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Why You Should Consider Getting A Reverse Mortgage
Reverse Mortgage Blog | October 9th 2009 by Gerry Marsh
Carlos Scarpero asked: A few years ago, if you had told someone that you had a reverse mortgage, you would have gotten a look that said, “Oh, I’m sorry you had to take one of those.” It was considered a product of the destitute. To read more
Another Mortgage Mess In The Making?
Boom2Bust.com | October 8th 2009 by Christopher E. Hill
Will the reverse mortgage soon take a place alongside its subprime sibling in the mortgage industry’s hall of shame? From the Chicago Tribune’s Mary Ellen Podmolik yesterday: A national consumer advocacy organization added its voice Tuesday to a read more
I GUESS I WAS NOT REALLY SAVING FOR RETIREMENT AFTER ALL
Improve Credit Score at The Credit Clinic Blog | October 8th 2009 by Rodney Parris
Have you fresh looked at your withdrawal statement and see that you foregather can’t retire? Are you nearing withdrawal geezerhood and actualise that you foregather won’t be healthy to fling and subsist with the money you intellection you read more
Information on Reverse Mortgage
Reverse Mortgage Blog | October 8th 2009 by Gerry Marsh
trinity reverse asked: Almost everyone, young and old, knows about mortgages. Mortgages are a premier way for homeowners to pay for new houses, and insure safety and increased equity later on in life in case homeowners wish to sell their houses. Yet read more
Reverse Mortgage Lender Rolls Out Celebrity Media Campaign
Reverse Mortgage Daily | October 8th 2009 by John Yedinak
The reverse mortgage industry has been without a celebrity spokesperson for a while, but American Advisors Group (AAG) is filling the void. The Irvine, CA based reverse mortgage lender named film and television actor Peter Graves as its compan read more
Top Wholesale Reverse Mortgage Lenders, Genworth’s Business Boo…
Reverse Mortgage Daily | October 8th 2009 by John Yedinak
Wholesale reverse mortgage volume faired better than the retail side of the business in August. According to data from RM Insight, wholesale volume was down 2.7% compared to retail endorsement volume being down 17% in August. The most interesting read more
OBAMA HOME MORTGAGE STIMULUS PLAN IN ARIZONA 1 FEBRUARY 18 2009 C…
Home Center | October 7th 2009
Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of f read more
Dangers of Reverse Mortgages – Top 3 Things to be Aware of
Reverse Mortgage Blog | October 7th 2009 by Gerry Marsh
Aubrey Clark asked: As the baby-boomers prepare for retirement reverse mortgages are going to be the next mortgage boom according to most analyst. The baby boom began in 1946 and continued through 1964. During those 19 years, 76 million people were read more
Reverse Mortgage Volume Sets Record, Top Lenders Through Septembe…
Reverse Mortgage Daily | October 6th 2009 by John Yedinak
The reverse mortgage industry endorsed 114,783 of Home Equity Conversion Mortgages during the Department of Housing and Urban Development’s (HUD) FY 2009, which ended September 30, 2009. That’s up 2.3% compared to HUD’s FY 2008. Below is read more
Subprime Revisited: National Consumer Law Center Releases Report…
Reverse Mortgage Daily | October 6th 2009 by John Yedinak
The National Consumer Law Center released a report titled “Subprime Revisited: How the Rise of the Reverse Mortgage Lending Industry Puts Older Homeowners at Risk,” which according to the press release shows that abuses from the subprime mortgag read more
Reverse Mortgage Rates – October 6, 2009
Reverse Mortgage Daily | October 6th 2009 by John Yedinak
The average reverse mortgage borrower will see their Initial Benefits increase by $5,500 today. The twenty basis point fall in the 10-year swap rate, moved the principal limit factors up two notches. The rates as of 10/6/09 are: Reverse Mortgage Rat read more
Reverse Mortgages – What to Look for in a Reverse Mortgage Lend…
Reverse Mortgage Blog | October 5th 2009 by Gerry Marsh
Terry Edwards asked: If you have decided to get a reverse mortgage on your home the next big decision you will have to make is how to choose the right reverse mortgage lender. There are many out there to choose from, but how do you know which ones a read more
HUD Awards $32 Million to Upgrade Reverse Mortgage Technology
Reverse Mortgage Daily | October 5th 2009 by John Yedinak
The US Department of Housing and Urban Development has awarded a $32 Million contract to Quality Software Services, Inc. (QSSI) to develop a cost effective web based service to support the Federal Housing Administration’s Home Equity Conversion Mor read more
Senator Introduces Bill to Fight Real Estate Fraud
Reverse Mortgage Daily | October 5th 2009 by John Yedinak
In an effort to crack down on new mortgage scams, US Senator Charles E. Schumer announced the introduction of new legislation to protect homeowners from the recent wave of housing scams that are plaguing homeowners across the country. The Fighting R read more
Reverse Mortgage for Purchase
Owen Gets Real | October 4th 2009 by Owen Geronimo
Imagine a mortgage that pays you, instead of the other way around.Click here to visit Seo Tools website!Social Bookmarking Add to OnlywireAdd to: | Technorati | Digg | del.icio.us | Yahoo | BlinkList | Spurl | reddit | Furl | read more
Forclosures Have Met Their Match… Reverse Mortgages
Home Center | October 4th 2009
Foreclosure filings were reported on 2.3 million U.S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U.S. Foreclosure Market Report released January 15, 2009. The soaring number of f read more
Annuity Reverse Mortgage Assists People in Leading Secured Life
Reverse Mortgage Blog | October 3rd 2009 by Gerry Marsh
Antonio Redford asked: There are reverse mortgages and there is one annuity reverse mortgage. Often people get confused with both of them. Well, for your information, this kind of reverse mortgage lets the senior citizens or the borrowers to procure read more
Industry Veteran Joins MetLife Reverse Mortgage Division
Reverse Mortgage Daily | October 2nd 2009 by John Yedinak
Longtime reverse mortgage industry veteran Monte Rose has joined MetLife as its area manager for southern California. He will be responsible for growing the number of representatives and helping MetLife pick up market share. Rose brings over 1 read more
A Reverse Mortgage Discussion
Reverse Mortgage Blog | October 2nd 2009 by Gerry Marsh
david forer asked: Reverse mortgages are a way for seniors aged 62 and above to take cash out of their house. The equity the senior has built up over the years can be used beneficially to aid in their retirement. Here are some thoughts and ramblings read more
Generation Continues to Add Staff, Gearing Up For Expansion?
Reverse Mortgage Daily | October 2nd 2009 by John Yedinak
Generation Mortgage announced that it has named Keith McNulty as its senior vice president of strategy and process improvement, and Amy Lynn Davies as its human resources director. Both will work out of the company’s Atlanta headquarters sai read more
Massachusetts Consumer Advocate Calls for Additional Reverse Mort…
Reverse Mortgage Daily | October 2nd 2009 by John Yedinak
The state of Massachusetts has always taken a very aggressive approach to regulating reverse mortgage products and one of the states top consumer advocates is calling for new ways to protect people from unsolicited loans, high fees for bounced check read more
Financial Freedom Discontinues Fixed Rate Reverse Mortgage in Ill…
Reverse Mortgage Daily | October 1st 2009 by John Yedinak
Financial Freedom announced that it’s discontinuing the HECM fixed rate product in the state of Illinois, effective immediately said the company statement. The statement read that: We will continue to process and fund existing Illinois Fixed-Rate read more
Business Week Special Report on Aging in Place, Where do Reverse…
Reverse Mortgage Daily | October 1st 2009 by John Yedinak
Business Week published a special report on how technology is helping baby boomers age in place and how these systems could save billions in health care. As an example, Business Week describes how Ronald Lang, a 63-year-old patient who suffers from read more
What’s Wrong With Reverse Mortgages
Reverse Mortgage Blog | October 1st 2009 by Gerry Marsh
Steve Dahl asked: Red flags are warning signs. If you see the warning sign then you won’t fall off the cliff, hit the pothole, or go where no one should go. Take a look at the red flags listed here and don’t see these as negative aspects read more
Reverse Mortgages: Are They For You?
The L.A. Realty Report | September 30th 2009 by johnny burke
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a consumer advisory to help consumers better understand reverse mortgages. Reverse mortgages generally are available to consumers who are 62 or older, and can be used t read more
How Reverse Mortgage Information Is Important?
Technology Inside Outside | September 29th 2009 by muneeb
The word “reverse mortgage” is very famous now a day’s. It automatically makes individuals vary due to misinformation, so it is important to have complete information and the truth behind a reverse mortgage. Reverse mortgage is mainly for the read more
Reverse Mortgage Scams
It's Your Money by Heather Davis Richards | September 28th 2009 by Heather Davis Richards
Are you over sixty-two and considering a reverse mortgage? Make sure to know what scams to avoid by reading this short post and warning from the OCC. read more
Bank Regulator Publishes Consumer Advisory Alert on Reverse Mortg…
Reverse Mortgage Daily | September 28th 2009 by John Yedinak
The Office of the Comptroller of the Currency (OCC) issued a consumer advisory alert last week, to help consumers better understand reverse mortgages. The information developed for consumers discusses basic facts about reverse mortgages, which read more
BayDocs Releases Online Origination Tool for Reverse Mortgage Len…
Reverse Mortgage Daily | September 28th 2009 by John Yedinak
Northern California based Bay Docs announced the launch of a web-based origination tool for reverse mortgage lenders and brokers. The new application allows brokers and lenders to order reverse mortgage application and closing documents which includ read more
Sponsored Podcast: HUD Slashes Reverse Mortgage Principal Limits,…
Reverse Mortgage Daily | September 28th 2009 by John Yedinak
Reverse Fortunes Weekly Podcast: Episode #70 HUD slashes principal limits, now what… New Podcast on Reverse Fortunes Weekly. Keep up to date on industry news and trends along with training and interviews in this exciting weekly podcast. read more
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