SEPT 23, 2006
National Aging In Place Week Now is the time to start planning activities for National Aging In Place Week 2006, which has been designated October 8-14. Last year, in partnership with the National Aging In Place Council, NRMLA successfully coordinate senior fairs educational workshops and media events in 30 locations across the country to highlight home and community-based services and home modification strategies; that enable seniors to live in their homes longer.
SEPT 22, 2006
Sept 28: Dalton Law Firm gives talk on reverse mortgages. The Dalton Law Firm, a Raleigh based Elder Law firm focused on issues faced by senior citizens and their families, is conducting a Reverse Mortgage; Coffee Talk&; to help Seniors make informed decisions on how to pay for healthcare. Coffee Talks is a new series of casual seminars conducted by Elder Law Attorney, Mary Ann Dalton. The Coffee Talks focus on a variety of issues facing senior citizens and provides helpful insights into preparing for the future. The first in the series, Reverse Mortgages, How to Pay For Healthcare When All You Have Is Your House, is slated for Thursday September 28 with sessions from both 10 to 11am and 2 to 3pm. The Coffee Talk will be held at Caribou Coffee, Olde Raleigh, 3101 Charles B. Root Wynd in Raleigh.
SEPT 21, 2006
Putting a mortgage in reverse to move forward By:Daniel B. England, Contributing Writer For many people who have worked hard all their lives, it seems a bit much that on top of the indignities of old age, they still have to worry about money. Sure, certain folks who were doing very well, thank you, over the years have their portfolios stuffed with goodies for the;golden years; but for many more the one asset they have that actually has real value is their house. But what good is that if you're struggling to make the grocery bill every month or to keep the house maintained?
SEPT 19, 2006
SASCO's $598.3MM Reverse Mortgage Loan Trust, 2006-RM1, Rated By FitchNEW YORK--(BUSINESS WIRE)--Sept. 19, 2006--Structured Asset Securities Corporation (SASCO) Reverse Mortgage Loan Trust, series 2006-RM1, is rated by Fitch as follows:-- $490,000,000 class A-IO, and class A1 notes 'AAA';-- $83,300,000 class M-1 'AA'; and-- $25,030,291 class M-1 'A'.
Inman News FeaturesWhat causes a reverse-mortgage lender to deny loan? Retiree gets desperate after pension cuts.
Tuesday, September 19, 2006
DEAR RMNC: I am a 74-year-old widow. About six years ago, I added my daughter's name to my home's title in joint tenancy with right of survivorship so she wouldn't have to worry about probate costs when I pass on. I'm doing pretty well, health wise, but am running low on income since my airline pension income was cut about two years ago. However, I am told I can't qualify for a senior-citizen reverse mortgage because my daughter is on the title. Is this true? I asked her to quitclaim her interest back to me but she is reluctant --Martha Y.
You need to be the owner in order ot get a reverse mortgage, only your name can be onthe deed.
SEPT 18, 2006
GET A REVERSE MORTGAGE EVEN IF YOU HAVE A MORTGAGE
DEAR RNMC: I am 74; my husband is 79. Our house is in desperate need of repairs. But our mortgage is not fully paid off. I understand there is some way we can get a reverse mortgage anyway. Is this a good way for us to go? --Nancy P.
yes it is. the reverse mortgage will pay off your old mortgage and and have money for repairs. Your forward mortgages payments will stop, this give you the extra income you need if the future, to keep the home repaired.
SEPT 17, 2006
UNION-TRIBUNE;LYNN OSHAUNESSY
When Americans try to figure out their net worth, they often find that their biggest chunk of wealth isn't stashed in a bank or a brokerage account. For many of us, our true wealth can be found in our porcelain sinks, wallpapered bedrooms, outdated kitchens and scuffed hardwood floors. Our homes, particularly in a state like California, are often our most valuable asset.Reverse mortgage option caters to those with high equityTom KellyHerald columnistReverse Mortgage of America, a subsidiary of Seattle Mortgage and the third largest producer and servicer of reverse mortgages in the country, plans to roll out the first new reverse product in nearly a decade when its privately funded jumbo program, The Lifestyle Plan, hits the market in the next few weeks.
SEPT 15, 2006
California Reverse Mortgages Provide Key to Unlock Home Equity For Seniors;California reverse mortgages allows seniors to supplement income by converting a portion of the home equity into cash.FreeFinancialConsulting.com is not a mortgage broker but offer free advice to the public on all personal money matters, including all home loans, and California reverse mortgages.
(FVNEWSWIRE Sep 8, 2006)Japan's centenarians at record 28,395By CHISAKI WATANABE, Associated Press Writer
