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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
Seniors delaying retirement
2008-05-15 17:00:00 According to a new study by the AARP, seniors 45 and older are delaying retirement. The report finds that 6 out of 10 people are having trouble making ends meet, and some can?t even pay for their medication.
Will mortgage crisis affect prime loan market
2008-05-14 17:00:00 The home mortgage crisis was originally focused on the subprime home market and its delinquencies. More About: Market , Loan , Mortgage
Realtors should focus on foreclosures
2008-05-13 17:00:00 It?s a well- known fact that eventually, the real estate market will reverse itself and home prices will settle to pre-housing boom prices. But while we are in the recovery period, many people have lost their jobs and many more are barely holding on to theirs. More About: Realtors , Foreclosures
Heirs benefit from home appreciation
2008-05-12 17:00:00 One of the great benefits of a reverse mortgage is that the borrower can never owe more than the home?s value. It is comforting knowing that you wouldn?t have to take the fall for declining home values, especially in today?s real estate market. More About: Home
Understand a reverse mortgage before making a decision
2008-05-09 17:00:00 It is very important to thoroughly educate yourself about all aspects of a reverse mortgage loan. Many seniors who have one are satisfied with their decision, but then again, everyone?s situation is different. More About: Mortgage , Understand
House will consider new foreclosure bill
2008-05-08 17:00:00 The American Housing Rescue and Foreclosure Prevention Act will be considered by the House this week. Part of the act would include a voluntary FHA program which would provide mortgage refinancing assistance.
Reverse mortgage loans on the rise
2008-05-07 17:00:00 A key determination as to how much you can receive with a reverse mortgage loan is this: the older the borrower and the more valuable the home and the less owed on it, the more money is available. More About: Loans , Mortgage , Rise , Reverse Mortgage
Access equity in your home tax free
2008-05-06 17:00:00 One of the greatest benefits of a reverse mortgage loan is that it is tax-free. Seniors can draw money out of their home, which is usually their most valuable asset, without any tax consequences. More About: Home , Free , Access , Equity
Seniors coping with rising prices
2008-05-05 17:00:00 How are seniors on a fixed income coping with the rising cost of food, gas and many other everyday staples? Some are relying on families to make ends meet, others are thinking about selling their home, just for extra money. More About: Coping , Seniors , Prices
Choosing a reverse mortgage lender
2008-05-02 17:00:00 When choosing a reverse mortgage lender, it is important to review and compare certain factors. For example, it is important that lenders provide different fixed and variable interest rate options to choose from. More About: Mortgage , Reverse Mortgage
When will reverse mortgage limits increase
2008-05-01 17:00:00 Many seniors are waiting for an increase in loan limits for reverse mortgages. The Economic Stimulus Act of 2008, which just recently passed included a temporary increase in loan limits for all ?forward? mortgages, but left out Home Equity Conversion Mortgage s. More About: Limits , Reverse Mortgage
Foreclosures driving down neighboring property values
2008-04-30 17:00:00 It is interesting how everything in the housing market is connected. As the real estate market is already down, when foreclosed or short-sale homes sell for less, this drives down neighboring property values and home equity. More About: Foreclosures , Property , Driving , Values
Is Housing Market Stabilizing
2008-04-29 17:00:00 In this economic downturn, hard-working consumers are really getting hammered. Multiple factors are affecting them, like slow economic growth, job insecurity, home values going down, and paying more for gas and food. More About: Market , Housing
Subprime Mortgages
2008-04-28 17:00:00 It sounds terrible. Subprime Mortgage. But in reality it has many different benefits that other loans do not. More About: Mortgages
Private Mortgage Insurance
2008-04-25 17:00:00 When you first buy a home, it can be very frustrating and complicated but it can also be extremely exciting. There is no feeling like being able to call a home your own and have the freedom to decorate it and change it any way you want. More About: Insurance , Mortgage , Private , Mortgage Insurance , Private Mortgage Insurance
Fixed Rate Mortgage
2008-04-24 17:00:00 A fixed rate mortgage is one of the most common types of home loan in the USA. It?s very easy to understand and set up and helps people know exactly what type of commitment they are making financially. More About: Mortgage , Rate , Fixed
Prime market for pitching reverse mortgage
2008-04-23 17:00:00 Marketing for reverse mortgages are expected to get more intense as the housing market continues to fall. About 80 percent of seniors own a home and many seniors have equity in their homes. More About: Market , Mortgage , Prime , Reverse Mortgage
Adjustable Rate Mortgage
2008-04-22 17:00:00 Another common type of home loan is the adjustable rate mortgage or ARM. With this type of loan, the interest rate will fluctuate depending on the 6 different real estate indexes. More About: Mortgage , Adjustable Rate Mortgage , Rate
Refinancing a reverse mortgage loan
2008-04-21 17:00:00 Even with a reverse mortgage, some seniors may feel like they are not receiving enough money. One way to access more money is to refinance an existing reverse mortgage loan. More About: Loan , Mortgage , Reverse Mortgage , Refinancing
FBI investigates more mortgage fraud cases
2008-04-17 17:00:00 Three months ago FBI officials said they were investigating 14 companies for possible fraud in connection with loans made to risky borrowers. They were also investigating insider trading violations and investments spun off of the risky loans. More About: Fraud , Mortgage Fraud , Mortgage , Cases
Never owe more than property value with a reverse mortgage
2008-04-16 17:00:00 A great security provided by reverse mortgages to seniors is that the amount they owe will never exceed the value of their home. That is one great difference between a traditional mortgage and a reverse mortgage. More About: Property , Mortgage , Reverse Mortgage
Short Sale a way to avoid foreclosure
2008-04-15 17:00:00 A short sale allows the homeowner to live in the home until it's sold - which helps the bank avoid costly foreclosure procedures and potentially bigger losses. The bank sets and pays the legal and real estate fees. More About: Sale , Foreclosure , Short , Avoid
FINRA cautions homeowners about tapping into home equity
2008-04-14 17:00:00 Last week, there was an Investor Alert issued by the Financial Industry Regulatory Authority (FINRA). It cautions homeowners over the age of 60 to be wary of tapping into their home equity through reverse mortgages. More About: Home , Tapping , Homeowners , Equity
Lenders tighten up financing
2008-04-11 17:00:00 Washington Mutual is expected to announce layoffs in their residential mortgage group just days after announcing that they have shut down their wholesale mortgage group. WaMu is just one more financial institution to fall as the dominos pick up steam. More About: Financing , Lenders
Research lender before making financial decision
2008-04-10 17:00:00 If you?re looking into mortgages then you are already concerned that you don?t have enough cash for the future. The last thing you want to do is make the wrong decision and put yourself in a worse financial position. More About: Research , Financial , Decision
Washington Mutual and the mortgage brokers
2008-04-09 17:00:00 Some may focus on how this is going to affect investors but I focus on how this is going to affect the mortgage brokers. The banks are systematically putting mortgage brokers out of business. More About: Washington , Brokers , Mortgage , Mortgage Brokers , Washington Mutual
Reverse mortgage for your golden years
2008-04-08 17:00:00 If you are over the age of 62 and have equity in the home then consider a reverse mortgage to provide the extra cash you need for your golden years. More About: Mortgage , Years , Golden Years , Golden , Reverse Mortgage
Ask to defer your mortgage payment
2008-04-07 17:00:00 If you're facing losing your home due to foreclosure and don?t qualify for a re-finance or home equity loan, the best thing to do is to talk with your lender. More About: Mortgage , Payment
Latest proposals to improve mortgage and housing industry
2008-04-04 17:00:00 The Senate is still trying to stabilize the mortgage and housing industry with proposals, is it enough? More About: Industry , Mortgage , Housing , Improve
Foreclosure Fraud Prevention Act passed unanimously
More articles from this author:2008-04-03 17:00:00 The Foreclosure Fraud Prevention Act passed unanimously in the House yesterday. It would ensure that when homeowners sign a contract with a foreclosure rescue entity, that they are properly informed about their rights. More About: Fraud Prevention 1, 2, 3, 4 |
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