VA

VA Reverse Mortgage Bill Meets Opposition
BankNet 360 - New York,NY,USA
... House Veterans' Affairs Committee -- would allow the Veterans Affairs Department to provide a home equity conversion mortgage, or HECM, to US veterans. . 

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may 29 2007 reverse mortgage news

Reverse mortgages, making your retirement years more enjoyable
LubbockOnline.com - Lubbock,TX,USA
A reverse mortgage may be the answer to your financial needs. A reverse mortgage enables senior homeowners, 62 years and older, to convert a part of the ...

Countrywide Latches Onto Trend of Reverse Mortgages
San Fernando Valley Business Journal Online (subscription) - Woodland Hills,CA,USA
Countrywide Financial Corp. became the latest major mortgage lender to enter the arena when it rolled out its reverse mortgage product, SimpleEquity, ...

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tHINK TWICW

Think twice before prepaying mortgage
Upstate House - NY,USA
Because you are only 63, with a long life expectancy, you won't qualify for much monthly lifetime reverse-mortgage income. I wish I could be more positive, ...

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stay afloat

Stay afloat financially after 55
CNNMoney.com - USA
If you own a home that you're worried you can no longer afford, you may want to consider a reverse mortgage. In a "regular" mortgage, you make monthly ...

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refinance

Refinancing A Reverse Mortgage
Best Syndication - Pinon Hills,CA,USA
The reverse mortgage is primarily a resource for our senior population, and it has become a widely used financial instrument. A reverse mortgage is a loan ...
 

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jumbo loans

Seattle Mortgage Offers New Jumbo Reverse Loan to West Coast
Business Wire (press release) - San Francisco,CA,USA
Seattle Mortgage, a leader in the reverse mortgage industry, today announces the release of The Independence Plan SM proprietary jumbo reverse mortgage to ...

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FIXED RATES

Fixed rates return to reverse mortgages
Upstate House - NY,USA
"By lowering the margin, we are lowering the interest rate charged on a reverse mortgage. This means more seniors will be able to use the reverse-mortgage ...

Financial Coach: Reverse Mortgages Offer Seniors Relief from High ...
PR Newswire (press release) - New York,NY,USA
"During the bankruptcy proceedings, the couple could have kept their home if they utilized the option of a government guaranteed reverse mortgage," Kroskey ...
 

Equity lenders prepare to take on reverse mortgages
The Financial Standard - Sydney,NSW,Australia
Shared equity lenders are preparing for a turf war with reverse mortgage lenders for the retiree equity release market. The first non-government shared ...
 

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HECM ADVANTAGE

Financial Freedom drops reverse mortgage costs and enhances ...
LubbockOnline.com - Lubbock,TX,USA
Financial Freedom, a subsidiary of IndyMac Bank FSB, and the nation's largest provider of reverse mortgages, announces the launch of HECM Advantage, ...

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100 margin RM

Live Well Financial, Inc. Offers 100 Margin HECM Reverse Mortgage ...
Eworldwire (press release) - Succasunna,NJ,USA
"Live Well Financial is proud to be able to offer the new HECM 100 Monthly product to our senior customers. This HECM product offers more proceeds at a .. 

Margin loan

Seattle Mortgage Offers Reduced Margin Loan Options
Business Wire (press release) - San Francisco,CA,USA
For instance, a 72 year old couple with a home valued at $325000 would be eligible for an additional $14000 in available funds using the reduced margin HECM ...

Feb 12th

The worse the loan, the easier to entice
Town Hall - Washington,DC,USA
Alternative to a reverse mortgage and generally cheaper. 4. Owning a spec house that hasn't sold and needing a lower payment. ...

Specialized, not predatory loans available for seniors
Howard University The District Chronicles (subscription) - Washington,DC,USA
It is a Federal Housing Administration (FHA) reverse mortgage. It was designed specifically to enable senior citizens to access the equity that has built up ...

Understanding reverse mortgages
9NEWS.com - Denver,CO,USA
Now, with a reverse mortgage, it can also be a source of money. A reverse mortgage can meet financial needs and insure that you can stay in your home as ...

Reversesoft

XL Dynamics Releases ReverseSoft
Xtvworld (press release) - India
... solution that will help us scale up our product offerings on Reverse Mortgage Loans, such as the Home Equity Conversion Mortgage (HECM) and Home Keeper. ...

RM TO MAKE FIXES ON HOUSE

IRAs and turning magic age of 71½
Cincinnati Post - OH,USA
She is also considering obtaining a reverse mortgage, which would still require her to make fixes, and they would hold money in escrow until the work is ...

RM with margin

Wells Fargo to Offer a Reverse Mortgage Product With a Margin ...
Earthtimes.org - USA
The HECM reverse mortgage is the most popular reverse mortgage in America today. Through the program, the US Department of Housing and Urban Development ...

Soaring RM

Reverse mortgage market could soar
HeraldNet - Everett,WA,USA
A reverse mortgage is a loan against a home that is not payable until the homeowner dies, sells the home, or permanently moves out of the home. ...

money Stress

Reverse mortgage may end money stress
Oshkosh Northwestern - Oshkosh,WI,USA
So Darlene Branson, 78, turned to her home equity to help supplement her monthly Social Security payments by taking out a reverse mortgage. ...

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Reverse Mortgage News

SAVE THE DATE: Credit Union schedules seminar
Cherry Hill Courier Post - Cherry Hill,NJ,USA
South Jersey Federal Credit Union has scheduled a free reverse mortgage seminar from 9 to 10:30 am, Feb. 10, at its Deptford branch, 1615 Hurffville Road. ...

Reverse mortgages turn home equity into income
San Diego Daily Transcript (subscription) - San Diego,CA,USA
(NYSE: CFC) says it expects to launch a new reverse mortgage in 2007. The competition from both is expected to put further downward pressure on costs. ...

Wells Fargo Reverse Mortgage Workshops
Arcadia Weekly - Arcadia,CA,USA
... our money," "How can I pay for the services necessary to remain in my home," "What financial alternatives exist other than obtaining a reverse mortgage? ...

Reverse Option: Not Just a Super Bowl Play
Jewish Exponent - Philadelphia,PA,USA
A reverse mortgage is a loan that enables senior homeowners to convert part of their home equity into potentially tax-free income without having to sell ...

Hecm 100

New Reverse Mortgage introduced by Harbor Mortgage Solutions has ...
ClickPress (press release) - UK
[ClickPress, Fri Feb 02 2007] Harbor Mortgage Solutions, Inc. of Braintree, MA has announced the availability of a new reverse mortgage program, ...

Reverse Mortgage News

The Mother of All Bubbles
CounterPunch - Petrolia,CA,USA
The downside of the Fed's decision is that the 30 year mortgage rate is inching higher (6.33%) and is bound to put even more downward-pressure on new home ...
 

Allied Home Mortgage Capital Corporation Opens New Branch Office ...
Primenewswire (press release) - Los Angeles,CA,USA
Stephen has served as Vice President of the Point Place Business Association, is certified as a reverse mortgage and "Home Ownership Accelerator" specialist ...

Dave Ramsey, Money Answer Man
CBS News - New York City,NY,USA
But I strongly advise against a reverse mortgage, because you won't be leaving your kids a house, you'll essentially be leaving them a mortgage. ...

Reverse mortgage program set for seniors
DesMoinesRegister.com - Des Moines,IA,USA
Michael Blair, a reverse mortgage consultant, will answer questions from seniors who may be considering using a reverse mortgage to help pay for medical ...

JUMBO RM

Pumping Up Your Reverse Mortgage
BusinessWeek - USA
Ingram was able to hold on to the house by taking out a jumbo reverse mortgage on the property--"jumbo" because the amount was $388000, and conventional

HECM

Improve your fortunes
Business Standard - India
Home Equity Conversion Mortgage (HECM) is one of the leading reverse mortgage provider in the US. There are five modes of payment in the US. ...

Reverse Mortgage News

Reverse Mortgage an Investment Tool for Homeowners
Greater Tulsa Reporter Newspapers - Tulsa,OK,USA
This year they will be coming out with their own plan and I hope the visibility of that plan will help us increase the awareness of our reverse mortgage ...

Sentinel doubles reverse mortgage loan book
Stuff.co.nz - Wellington,New Zealand
Reverse mortgage company Sentinel doubled its loan book in 2006 to $176 million, and expects a further significant increase this year as retirees seek funds ...

More House News

House votes to lift reverse mortgage cap for FHA
Reuters - USA
Under a reverse annuity mortgage, a lender buys back a senior citizen's home with regular payments before actually acquiring the property. ...

RM NEWS

New Reverse Mortgage Products to Hit Market Soon
ElderLawAnswers.com - Boston,MA,USA
A reverse mortgage is exactly what it sounds like—instead of paying the bank money to build up equity, you use the equity in your home to take out a loan. ...

MEETING YOUR FINANCIAL PLANNING NEEDS: Two affiliated firms at ...
The Patriot Ledger - Quincy,MA,USA
They envisioned adding a reverse mortgage division and opening an affiliated company under Dougherty's direction to assist clients with investments and ...

Beware

Consumer Beware: Some Reverse Mortgage Info Is Misleading
Accountingweb.com - Indianapolis,IN,USA
AccountingWEB.com - January 17, 2007 - In the last few years, reverse mortgages, also called Home Equity Conversion Mortgages, have gained in popularity and ...

Reverse Mortage News Jan 16th

Local Players: Jan. 15
Allentown Morning Call - Allentown,PA,USA
of Amity Township has joined M&T Bank as a reverse mortgage specialist covering Berks, Montgomery, Lebanon, Lehigh and Schuylkill counties. ...

Written-off loan still must be paid
Reading Eagle - Reading,PA,USA
At 89 and 81, your in-laws certainly would be fine candidates for a reverse mortgage. They simply are borrowing against the equity in their home, ...

Aging In-Laws

Reverse mortgage for aging in-laws seems like a terrific idea
commercialappeal.com (subscription) - Memphis,TN,USA
I am trying to get them to take a reverse mortgage and enjoy their remaining years. My wife and I don't want their money; we want them to enjoy it. ...

HECM 100 News

BNY Mortgage Company Brings More Choice to Reverse Mortgages with ...
Earthtimes.org - USA
11 -- BNY Mortgage Company (BNYMC) is changing the face of the reverse mortgage industry with the introduction of HECM 100(TM), the first in what BNYMC sees ...

Sección internacional
Bolsamania.com - Madrid,Madrid,Spain
... Global Expansion is One of the Broadest Since 1970s ... [+]. (PRN) - BNY Mortgage Company Brings More Choice to Reverse Mortgages with New HECM Loan ... [+]

Reverse Mortgages – A Tax Free Income For Senior Citizens
Best Syndication - Pinon Hills,CA,USA
The second type of reverse mortgage is called a Home Equity Conversion Mortgage (HECM). The federal government insures these mortgages and they are backed ...

Reverse News Jan 13th 2007

Reverse that payment
Daytona Beach News-Journal - Daytona,FL,USA
Instead of celebrating their senior years with a mortgage burning, they're signing papers to take on a new type of loan called a reverse mortgage. ...
See all stories on this topic

Smart Retirement Shopping
Wall Street Journal (subscription) - New York,NY,USA
The Pros: For seniors with pressing financial needs who are cash-poor but house-rich, a reverse mortgage "can be a beneficial way to get the basic income ...

Reverse News

Mortgage benefits, concerns
AZ Central.com - AZ,USA
A: Because a reverse mortgage is recorded like a first mortgage, there can be no other financing secured by the residence. However, if you have a small ...

Seniors look for a mortgage that delivers peace of mind
AZ Central.com - AZ,USA
So Darlene Branson turned to her home equity to help supplement her monthly Social Security payments by taking out a reverse mortgage. A reverse mortgage is ...

Tax Break or Reverse Mortgage

Do I qualify for $250000 home-sale tax break?
Upstate House - NY,USA
Then it qualifies for an Internal Revenue Code 1031 tax-deferred exchange for another rental or business property of equal or greater cost and equity. ...

Liquidity

Reverse mortgage provides seniors with liquidity
Kitsap Sun (Subscription) - Bremerton,WA,USA
30, 2006, 76351 federally insured reverse mortgages, also known as home-equity conversion mortgages, were issued, up 77 percent from the previous fiscal ...

Retirement

Bank on Your Home in Retirement?
MSNBC - USA
One would assume the higher home values would improve a retiree's situation by enabling a larger reverse mortgage. Unfortunately, the positive impact of ...

James Ennis

James Ennis Named Mortgage Consultant at Harbor Mortgage Solutions ...
Newswire Today (press release) - London,UK
... provided through government-sponsored programs, namely the HUD/FHA Home Equity Conversion Mortgage (HECM) and the Fannie Mae Home Keeper (HK) programs. ...

Reverse mortgage News

If you're in your 50s, it's time to plan how you'll pay for long ...
USA Today - USA
•Reverse mortgages. A reverse mortgage is a loan against your home that doesn't have to be repaid until you move, sell or die. You can receive the money in ...

United States Reverse mortgages turn home equity into income
Seniorscopie.com - Paris,France
Thus, the upfront costs on reverse mortgage can exceed $12000 for a $250000 home. Pricier houses can mean combined fees that are even higher. ...

Senior Mortgage

A Mortgage Aimed at Seniors
RisMedia.com (press release) - Norwalk,CT,USA
In the fiscal year that ended September 30, 2006, 76351 federally insured reverse mortgages, also known as home-equity conversion mortgages, were issued, ...

Too to aid Seniors

Reverse mortgage tool to aid senior finances
Belleville News-Democrat - Belleville,IL,USA
"Because they won't be getting any payments for a while, interest rates on a reverse mortgage aren't as good as they are on other types of home loans," ...

Reverse Mortgage News Jan 07

Reverse Mortgages And Government Benefits
Best Syndication - Pinon Hills,CA,USA
Reverse mortgages are increasing in popularity as a way to turn home equity into a liquid asset. Before you jump on a reverse mortgage, ...

Those reverse mortgages have pitfalls
Los Angeles Times - CA,USA
The parent then takes out a reverse mortgage to help support the household as well as the adult child. If the elder falls or has a stroke that requires ...
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Many banks still put long 'holds' on check funds
Orlando Sentinel - Orlando,FL,USA
A reverse mortgage is available to anyone who is over age 62 and has substantial equity in their primary residence. It is a way of paying off your first ...

Reverse Mortgage Pros and Cons

Pros and cons of reverse mortgages
Bankrate.com - USA
The National Reverse Mortgage Lenders Association recently reported the number of federally insured Home Equity Conversion Mortgages administered by HUD ...

Reverse Mortgage News

REAL ESTATE WEEKLY
MarketWatch - USA
A reverse mortgage could help you pay for retirement -- or it could cost you and your heirs a lot of money. The housing boom of recent years has fueled ...

California Reverse Mortgage Loans Unlocks Home Equity For Seniors
Best Syndication - Pinon Hills,CA,USA
A reverse mortgage allows the homeowner to convert a portion of the home equity into cash. Unlike a traditional home equity loan (HELOC) or second mortgage, ...

Pros and cons of reverse mortgages
SitNews - Ketchikan,AK,USA
In general, a reverse mortgage converts home equity into cash in several different ways, ranging from monthly payments to an equity line to one-time payouts ...

"Cash-Poor, House-Rich Seniors Discover A Safe, Proven, And ...
Fast Pitch! (press release) - USA
reports Adam Bulyar, CEO, Oasis Reverse Mortgage. "Many cannot afford their mortgage payments, need expensive home repairs, and I've observed that most ...

Housing Bubble and Real Estate Market Tracker
Seeking Alpha - New York,NY,USA
Bank of America Corp. recently [started] a reverse mortgage pilot project in Phoenix… Countrywide Financial Corp. says it expects to launch a new reverse ...

Reverse Mortgages Turn Home Equity Into Income
TheDay - New London,CT,USA
Countrywide Financial Corp. says it expects to launch a new reverse mortgage in 2007. The competition from both is expected to put further downward pressure ...