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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
Who can get a low rate mortgage these days
2009-03-17 16:00:00 How many people are actually benefiting from fixed-rate mortgages advertised at 5.5% or less? It?s possible to get a rate that low if you put down 20%... More About: Mortgage , Days , Rate
Making Home Affordable Requirements
2009-03-09 16:00:00 The $275 billion housing stimulus, ?Making Home Affordable? is targeted at the 1 in 5 US homeowners who are underwater in their mortgage.
Hope for Homeowners in Distress
2009-02-18 16:00:00 Great news for homeowners in distress- President Obama will unveil a $75 billion foreclosure prevention program in hopes of reaching up to 9 million homeowners More About: Hope , Homeowners
Who will pay back my reverse mortgage loan
2009-02-10 16:00:00 There is a gray area about reverse mortgages which probably scare some seniors from even taking it into consideration as a viable financial option. Once seniors realize that a reverse mortgage loan is a debt, one common question we receive is: When do you pay the loan back? More About: Loan , Mortgage , Back , Reverse Mortgage
Reverse Mortgages are a great option for cash strapped seniors
2009-01-28 16:00:00 Reverse Mortgages have been steadily rising over the past few years ? doubling every year for the last three to four years. In November, housing legislation cut fees on reverse mortgages while raising the amount homeowners can borrow against, which is now $417,000 nationwide. More About: Great , Cash , Seniors
Are loan modifications enough
2009-01-19 16:00:00 Regulators are having trouble stemming the flood of foreclosures especially in South Florida, where debt often exceeds the home?s worth. Many programs have been created to help homeowners get into loans with more favorable terms, but only a small percentage of struggling homeowners have received help. More About: Loan , Modifications
Will 2009 be worse that last year
2009-01-09 16:00:00 Analysts who said the current economic crisis would take a turn for the better in 2009 were sadly mistaken. Unfortunately 2008 was not the tip of the iceberg, as a matter of fact; experts are saying things will get much worse before they get better. More About: Year
Great New Year for seniors
2008-12-17 16:00:00 Great news to start off the New Year : beginning January 1, 2009, the FHA will begin to insure reverse mortgage loans for purchases. What does this mean for seniors age 62 and over? More About: Great , Seniors
Fannie and Freddie need a makeover
2008-12-01 16:00:00 Government backed buyer on home loans Fannie Mae was created in 1938 as a response to the Great Depression. Freddie Mac was formed later, in 1970 and both were seized by regulators on Sept. 6 2008. It?s clear that what may have worked in the 1930s as a remedy to the Great Depression has not been working in 2008 during this recession. More About: Makeover
Over 12 million homes have negative equity
2008-11-18 16:00:00 There are over 12 million homeowners in the US that have mortgage debt which exceeds the value of their homes. Mortgage defaults continue to rise rapidly, and in some cases the borrower can still afford to make payments, but chooses not to because the value of their home has dropped dramatically. More About: Homes , Million , Negative , Equity
How are the new mortgage rules aimed at helping consumers going to save the
2008-11-18 16:00:00 The final version of the new mortgage rules from the Department of Housing and Urban Development is designed to help consumers shop for mortgages more effectively by helping them compare terms on loans and limit the ability of lenders to offer final terms that are far different from initial estimates. More About: Mortgage , Rules , Save , Consumers
Mortgage rates up applications down
2008-11-05 16:00:00 The connection between mortgage rates and mortgage applications are pretty obvious by now. It seems as though whenever mortgage rates rise, mortgage applications drop. More About: Applications , Mortgage , Rates
Bailout money used for buying new stocks
2008-10-29 16:00:00 Of the $700 billion financial-rescue plan enacted last month, Treasury Secretary Henry Paulson abruptly diverted $250 billion of the plan to buy stock in healthy banks. Though this plan may eventually help thaw the credit markets and achieve stability among banks, homeowners are being left in the cold. More About: Buying , Stocks , Money , Bailout
Reverse Mortgage will benefit seniors even more
2008-10-23 17:00:00 Great news for seniors who are looking into, or already have a reverse mortgage loan. For one, HECMS, or Home Equity Conversion Mortgage s insured by the Department of Housing and Urban Development now have a common ceiling of $417,000 regardless of where the home is located. More About: Seniors , Benefit , Reverse Mortgage
Housing cycle continues
2008-10-16 17:00:00 The housing cycle continues, especially in the hardest-hit areas like California, Florida, and Arizona: ?more and more homes are going up for sale, but fewer and fewer people are willing or able to buy them.? More About: Cycle , Housing
Did we really need government intervention
2008-10-08 17:00:00 Our economic situation is direr than some may think and those who borrowed almost any kind of money from banks during 2001-2007 will surely feel the pain. According to Zillow, home prices have continued to spiral downward for the past two years and have reached the point where 29% of all households that purchased in the last five years owe more than their house is worth. More About: Government
Seniors beware of reverse mortgage fraud
2008-10-07 17:00:00 Mortgage fraud has been an underlying cause of many good deals gone badly, and reverse mortgage fraud is no better. More About: Fraud , Mortgage Fraud , Mortgage , Beware , Seniors
Is Paulsons Bill the only way out
2008-09-23 17:00:00 In an effort to boost lending, the Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments like home loans, mortgage-backed securities, commercial mortgage-related assets, and others from US financial companies. More About: Bill
Government takeover of Fannie and Freddie not a cure
2008-09-16 17:00:00 By now, almost everyone has heard of the government?s takeover of Fannie Mae and Freddie Mac. But one thing almost everyone is unsure of is: how will this move improve the housing market? More About: Government , Takeover , Cure
Sellers regret
2008-09-02 17:00:00 Seller?s regret or flashbacks to offers past is a new condition which is a result of the past culture of constantly rising real estate value and prices. More About: Regret , Sellers
Is the market stabilizing
2008-08-26 17:00:00 According to the latest housing statistics released by the Florida Association of Realtors (FAR), single-family existing home sales rose in Florida for the first time in over two years. More About: Market
Reverse mortgages can pay off in the long run
2008-08-21 17:00:00 Reverse mortgages still have a tainted reputation for some seniors who believe the product hasn?t changed since it first came to the market in the eighties. More About: Mortgages , Long
Bad loans to blame for mortgage crisis
2008-08-20 17:00:00 During the housing boom, many borrowers were eluded into mortgages they couldn?t afford. These mortgages are dubbed ?liar loans,? as they don?t require proof of the borrower?s income or assets. More About: Loans , Mortgage , Crisis , Blame
Seniors delaying retirement
2008-08-12 17:00:00 The economy has affected people in so many ways that some seniors are even considering delaying their retirement. Many seniors are deeply affected by stock market losses and declining home values, as these two markets are where most seniors invest their money in. More About: Retirement , Seniors
Reverse Mortgage Advice
2008-08-11 17:00:00 Taking out a reverse mortgage is a serious financial decision and should be well thought out. If you or your parents have already taken the necessary steps to educate yourselves on reverse mortgages, talking to a financial planner you trust is the next step. More About: Advice , Mortgage , Reverse Mortgage
Lenders tightened rules too much
2008-08-08 17:00:00 It seems that lenders have tightened their rules too much. From a time when they didn?t verify employment or income, today even a borrower with excellent credit may have a hard time getting financing. More About: Rules , Lenders
Watch out for financial predators
2008-08-07 17:00:00 As if homeowners struggling with debt and at the threat of foreclosure don?t have enough to deal with, they still have to watch their backs for financial predators. With financial problems on their plate, predators see suffering homeowners as vulnerable and often use the opportunity to take advantage of them. More About: Watch , Financial , Predators
Is recession over
2008-08-06 17:00:00 As most Americans received their stimulus checks over the past couple of months, did it really help boost the economy? More About: Recession
Seniors who cant sell still have options
2008-08-05 17:00:00 Seniors who can?t keep up with the high cost of living must be in a very tough situation, especially if they are on a fixed income. If you can?t afford to live in your house anymore or you need to supplement your cash flow, you can consider a reverse mortgage. More About: Options , Sell , Seniors
July marks seventh straight month in job cuts
More articles from this author:2008-08-04 17:00:00 So far this year, the economy has lost a total of 463,000 jobs and July is no different, it marks the seventh straight month where employers eliminated jobs. More About: Straight , Marks , Cuts , Month 1, 2, 3, 4, 5, 6 |
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