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By Admin on February 2, 2012
US News & World Report has published a very insightful article on the state of the reverse mortgage market. According to the article: “Reverse mortgages should be a breakout product of demographic destiny. Millions of older Americans are hurtling toward very uncertain retirements. Survey after survey documents a serious lack of retirement planning and nest [...]
Posted in News Commentary, Reverse Mortgages | Tagged HECM, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, reverse mortgage facts, reverse mortgage news, Tampa, Trinity, Wesley Chapel |
By Admin on June 29, 2011
ABC news has just published a report on reverse mortgages indicating that older Americans have nothing to fear with Wells Fargo and Bank of America leaving the reverse mortgage marketplace. Even though these are two of the largest lenders, reverse mortgages continue to be available and existing reverse mortgages continue to be serviced. They also [...]
Posted in News Commentary, Reverse Mortgages | Tagged home equity conversion mortgage, Land O'Lakes, Lutz, Pasco, reverse mortgage, reverse mortgage facts, reverse mortgage news, senior finances, Trinity, Wesley Chapel |
By Admin on April 29, 2011
Proprietary reverse mortgage loan products used to be readily available, but these have all but disappeared with all the turmoil in the real estate markets. Declining home values is the primary culprit, so that the FHA insured home equity conversion loans are all that’s available. The private loans were especially sought for larger homes that [...]
Posted in Reverse Mortgages | Tagged home equity conversion mortgage, Land O'Lakes, Pasco, reverse mortgage, reverse mortgage news, Tampa, Trinity, Wesley Chapel |
By Admin on April 20, 2011
The latest RiskSpan Analysis (March 2011) publishing the Reverse Mortgage Market Index (RMMI) says that the value of home equity held by seniors aged 62 and older fell to $3.4 trillion at the end of 2010. This is down from its peak of $4 trillion in 2006 in the housing boom. It would probably be [...]
Posted in News Commentary, Reverse Mortgages | Tagged baby boomers, home equity conversion mortgage, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, reverse mortgage news, senior finances, seniors, Tampa |
By Admin on August 3, 2010
The wonderful elderblog “Time Goes By” that I have mentioned here before is publishing a great new series on reverse mortgages. The author of the blog is going through the process of acquiring a reverse mortgage, and is documenting each step of the process. In her 4th post, she says, “ It is gradually being recognized, [...]
Posted in News Commentary, Reverse Mortgages | Tagged HECM, home equity conversion mortgage, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, reverse mortgage facts, reverse mortgage myths, reverse mortgage news, senior finances, Tampa, Trinity, Wesley Chapel |
Beth’s Reverse Mortgage Blog
What’s Holding Reverse Mortgages Back?
By Admin on February 2, 2012
US News & World Report has published a very insightful article on the state of the reverse mortgage market. According to the article: “Reverse mortgages should be a breakout product of demographic destiny. Millions of older Americans are hurtling toward very uncertain retirements. Survey after survey documents a serious lack of retirement planning and nest [...]
Posted in News Commentary, Reverse Mortgages | Tagged HECM, Land O'Lakes, Lutz, Pasco, retirement, reverse mortgage, reverse mortgage facts, reverse mortgage news, Tampa, Trinity, Wesley Chapel | Leave a response