RMNC NEWS FEED! Reverse Mortgage News.

The Reverse Mortgage News Courier provides industry leaders and seniors with latest Reverse Mortgage and Real Estate Finance education and news. http://www.reversemortgagenewscourier.com

Friday, January 12, 2007

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 ...

Thursday, January 11, 2007

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," ...

Sunday, January 07, 2007

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 ...