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- Reverse Mortgages: Monthly Checks Instead of Bills. Really? - U.S. ... May 19, 2012 (author unknown)
- Reverse mortgages provide needed cash May 18, 2012 MarketWatch
Proprietary Reverse Mortgage Loans Will Return
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 [...]
Home Equity Available to Seniors Declines
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 [...]
Do Not Fear HECMs
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, [...]
MSNBC “Consumer Man” Gets It Wrong
Michael Branson, CEO of All Reverse Mortgage Company, is really, really angry. In his opinion piece in Senior Journal, Mr. Branson dissects a recent MSNBC piece by Herb Weisbaum. Mr. Branson says he is, “Not just angry, but really, really mad due to the fact that the man who calls himself the “ConsumerMan” obviously has [...]
Retirement Rescue
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 | Leave a response