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Blog Details for "Reverse Mortgage Loans in the USA - News and Infor"
Reverse Mortgage Loans in the USA - News and InforReverse Mortgage Loans in the USA - News and InforWe discuss the latest news and commentary about reverse mortgage loans from all around the country. 
Articles
Which reverse mortgage is right for you
2008-08-01 17:00:00 There are three basic types of reverse mortgage loans to choose from. One type is a single-purpose reverse mortgage. They are offered by government agencies or nonprofit organizations and make it possible for low-income homeowners to pay for a specific issue, like fixing a leaky roof. More About: Mortgage , Reverse Mortgage
How is the housing legislation going to help reverse this market
2008-07-31 17:00:00 The problem is obvious: too many homes for sale, not enough buyers. Actually there are a good amount of buyers, but not enough who can get approved and who have at least 10% to put down. More About: Market , Housing , Legislation
Housing Bill makes reverse mortgages more attractive
2008-07-30 17:00:00 The Foreclosure Prevention Act of 2008 is designed to help many people, not just home owners. The act has many supporters, but also many who feel it will fall short of what is needed to turn this market around. More About: Housing , Mortgages , Bill , Attractive
Foreclosures continue to rise
2008-07-28 17:00:00 Many economists predicted earlier this year that towards the end of 2008, things would be looking better for the economy and the housing market. More About: Foreclosures , Rise
Begin your retirement years comfortably and worry free
2008-07-24 17:00:00 If you are approaching your retirement years, it may be time to think about how you will support yourself without a paycheck. Many seniors look forward to retirement and see it as a time of peace and joy. More About: Retirement , Free , Worry , Years
Homeowners to share future appreciation in exchange for discounted loans
2008-07-23 17:00:00 As the current housing crisis has proved, this country is in the largest economic crisis in the post-WWII era. Millions of homeowners are facing the loss of their home and many are left on the street. More About: Loans , Future , Exchange , Share , Appreciation
Lenders standards are getting higher
2008-07-22 17:00:00 The housing and mortgage crisis has been responsible for many changes going on in the economy. As early as a few months ago, borrowers with a FICO score of 700 were usually eligible for the lowest mortgage rates. More About: Standards , Higher , Lenders
Selecting a reverse mortgage lender"
2008-07-21 17:00:00 There are many things to think about if you are considering a reverse mortgage loan. One of the most important steps is selecting the appropriate reverse mortgage lender. More About: Mortgage , Reverse Mortgage
Seniors protected with new bill for reverse mortgage
2008-07-11 17:00:00 The financial services industry is worried about a Senate housing bill introduced by Sen. Claire McCaskill (D-Mo). In the bill is a provision that would prevent providers of reverse mortgages from selling borrowers another investment for the proceeds of the loan. More About: Mortgage , Seniors , Bill , Reverse Mortgage
Mortgage insurance industry in trouble
2008-07-09 17:00:00 Mortgage insurance is very important part of the housing market, as it allows Americans to buy a home with less money down. It is required by the lender when borrowers can?t afford the traditional 20% down payment, just in case they default on their payments. More About: Insurance , Industry , Mortgage , Mortgage Insurance
Federal Reserve reports on government intervention for the housing crisis
2008-07-08 17:00:00 A Federal Reserve study released Monday states that large-scale government intervention in the US housing crisis would be counterproductive and prevent a "necessary" correction in home prices. More About: Government , Housing , Crisis
Extra cash options for seniors
2008-07-07 17:00:00 If you are over 62 years old, own your home, and need extra cash for whatever reason, you have a few options. One option is to sell your home and downsize to a smaller home. By moving to a smaller home, the amount you pay on property taxes and insurance will probably reduce. More About: Options , Cash , Extra , Seniors
No more 5 percent down in troubled real estate areas
2008-07-02 17:00:00 Since earlier this year, Fannie Mae and Freddie Mac established a policy which penalized buyers in troubled real estate markets with 5% higher down payments. More About: Estate , Real Estate , Real , Troubled
New reverse mortgage legislation calls for more disclosure
2008-06-30 17:00:00 Earlier this month, Governor Carcieri of Rhode Island signed a reverse mortgage legislation that mandates greater disclosure of fees charged by lenders. More About: Mortgage , Calls , Legislation , Disclosure , Reverse Mortgage
Reverse mortgage fees protect borrowers
2008-06-26 17:00:00 The high closing costs associated with a reverse mortgage is what keeps some seniors away. But one of the reasons that the closing costs are high is because of the mortgage insurance that is required on all HECM Reverse Mortgage s. More About: Fees , Reverse Mortgage
Middle class seniors will probably spend every penny before they die
2008-06-25 17:00:00 Due to many reasons in this day and age, it is unreasonable for many of us to expect an inheritance. Although the really rich will be fine, as they always are, the middle class and upper middle class will probably spend every cent before they die. More About: Middle , Class , Middle Class , Seniors , Middle-Class
Easy mortgage contributing to artificial demand
2008-06-24 17:00:00 It is well known that the terrible status of the mortgage market today can be mostly blamed on lenders practically giving away loans to ineligible borrowers. During the housing boom, a first time buyer could easily buy a home with no money down. More About: Mortgage , Easy , Demand
Mortgage crisis affecting children
2008-06-20 17:00:00 The sub-prime mortgage crisis is making things hard for many families. Not only are families losing their homes, but children are also being affected in many ways. More About: Children , Mortgage , Crisis
What are our countrys top officials doing to help the mortgage crisis
2008-06-19 17:00:00 Well, Connecticut Senator Christopher Dodd?s plan allows mortgage lenders to dump up to $300 billion of their worst loans on to taxpayers. This would be done via a new Federal Housing Administration refinancing program. More About: Mortgage , Crisis
Reverse Mortgage worth the fees
2008-06-18 17:00:00 Some seniors are wary about reverse mortgages because of their high fees. It?s true, the fees that come with a reverse mortgage are pretty high, around 6%, but it just might be worth it depending on the senior?s situation. More About: Fees , Mortgage , Worth , Reverse Mortgage
Are better times closer than we think
2008-06-12 17:00:00 Could it be true that the worst of the mortgage credit crisis is over? There is so much speculation supporting that good times are ahead, yet even more say that it won?t get better until the next year or two. More About: Times , Closer
Despite interest rates mortgage applications rose last week
2008-06-11 17:00:00 Last Thursday, I wrote a blog titled ?Interest rates soar while mortgage applications drop.? It was exactly about that, the fact that mortgage rates rose, but there were less mortgage applications, probably because of the high interest rates. More About: Applications , Interest Rates , Mortgage , Rose , Week
Florida leads the nation in fradulent mortgage activity
2008-06-10 17:00:00 In the Mortgage Asset Research Institute?s annual report on fraudulent mortgage activity, Florida led the nation in 2006 and 2007. Nevada came in second, up from No. 6 a year earlier. Michigan, California, Utah and Georgia followed closely in the Top 10. More About: Leads , Nation , The Nation
How is the current housing slump affecting reverse mortgages
2008-06-09 17:00:00 The current housing situation is not affecting those who have already taken out a reverse mortgage in a different way than those with a regular mortgage. One of the problems with the housing slump is that property values are dropping in many real estate markets. More About: Current , Housing , Mortgages , Slump
Unemployment rate not a good sign for economy
2008-06-06 17:00:00 It is unsettling to hear that in May alone, nervous employers cut 49,000 jobs. The unemployment rate soared from 5% in April to 5.5% in May, which is the biggest one month jump in the rate since February 1986. More About: Economy , Unemployment , Sign , Good , Rate
Interest rates soar while mortgage applications drop
2008-06-05 17:00:00 Another sign that the mortgage industry has a long way to go before it gets back on its feet is the fact that mortgage application volume fell 15.3% during the week ended May 30. The trade group Mortgage Bankers Association?s weekly application survey also reported that the application index fell to 502.3 during that week. More About: Applications , Interest Rates , Interest , Rates
Home Values affecting reverse mortgages
2008-06-04 17:00:00 For seniors seeking reverse mortgages, the qualification is pretty simple: you must be 62 years or older, own your home and live there. You must also have a certain amount of equity in your property, though it?s ok if you still make monthly mortgage payments. More About: Home , Mortgages , Values
Mortgage fraud possibly helped inflate prices during housing boom
2008-06-03 17:00:00 As one of the hardest hit areas of the housing and mortgage slump, Las Vegas is the region?s ?mortgage fraud ground zero,? according to Scott Hunter, the FBI?s special agent in Nevada. More About: Fraud , Mortgage Fraud , Mortgage , Housing , Boom
Consumer resistance to blame for slow growth with reverse mortgage
2008-06-02 17:00:00 Throughout the next few years, the reverse mortgage market is expected to grow tremendously. So far the growth has been slower than expected because of a lack of originators and consumer resistance. More About: Consumer , Mortgage , Growth , Resistance , Slow
Credit score doesnt matter when qualifying for a reverse mortgage
More articles from this author:2008-05-29 17:00:00 People all over the country have been using their credit cards to pay off their mortgage and other expenses. Even seniors are being hit hard with the high interest rate of credit cards, and having to pay it off on a fixed income. More About: Credit , Mortgage , Qualifying , Matter , Score 1, 2, 3, 4, 5, 6 |
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