Directory —
Real Estate —
Blog Details for "Reverse Mortgage Loans Florida News and Informatio"
Reverse Mortgage Loans Florida News and InformatioReverse Mortgage Loans Florida News and InformatioWe discuss the latest news and commentary about reverse mortgage loans from Florida. 
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.
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
Foreclosures break yet another record
2008-09-08 17:00:00 The current housing and mortgage crisis has had a reputation of exceeding many people?s expectations and continues to worsen despite many projections that the end of 2008 would be the light at the end of what has been the worst housing market since the Great Depression. More About: Foreclosures , Break , Record
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
Mortgage applications down to lowest level in almost eight years
2008-08-21 17:00:00 Yesterday, the Mortgage Bankers Association reported that mortgage application volume fell last week to its lowest levels in almost eight years. This data supports the fact that the housing market is still struggling and fewer customers are applying for mortgages. More About: Applications , Years
Jobless rate shows economy still weak
2008-08-20 17:00:00 The four week average of initial jobless claims increased by 19,500 to 440,500 in the second week of August, which is the highest since April 2002. More About: Economy , Rate
Some seniors not ready to retire
2008-08-12 17:00:00 According to the Centers for Disease Control and Prevention, an American born in 1950 was expected to live to be 68 years old while the average person born in 2005 will live to be almost 78. More About: Seniors , Retire , Ready
Have your own people when applying for a reverse mortgage
2008-08-11 17:00:00 When shopping for a reverse mortgage loan it is important to be fully aware of everything that is presented and also to choose your lender carefully. Some lenders stay tight-lipped and don?t fully disclose fees and terms. More About: People , 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
Another cost will keep borrowers away
2008-08-07 17:00:00 The latest change for borrowers in this market is that the cost of their loan may increase. Fannie Mae will raise a fee it charges lenders to buy their mortgages or guarantee home-loan securities, and in turn this may increase costs for borrowers. More About: Cost
Are there any other options for seniors besides a reverse mortgage
2008-08-06 17:00:00 Some seniors just don?t want to get into any debt during their golden years and a reverse mortgage loan is, in fact, a debt. More About: Mortgage , Options , Seniors , Reverse Mortgage
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
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
Seniors should you sell or stay
2008-08-01 17:00:00 If you are in a tight financial situation and are on a fixed income, your choices of making more money are somewhat limited. One way to see if you can live more comfortably is by answering the following questions. More About: Sell , Seniors , Stay
Reverse mortgage improvements
2008-07-31 17:00:00 If you are thinking of a reverse mortgage, then you will be happy to hear that there are many improvements being made to the government-sponsored program. These changes are only for FHA-insured Home Equity Conversion Mortgage (HECM) program, and will take approximately 60-90 days to implement. More About: Reverse Mortgage
Housing bill on its way to White House
2008-07-30 17:00:00 The Foreclosure Prevention Act of 2008 is on its way to the White House for its final passing. It won final approval in Congress on July 23rd and will hopefully go into effect soon, as President Bush has said he will sign. More About: White House , Housing , Bill
Lenders requiring money down to buy home
2008-07-28 17:00:00 Although today?s real estate market is a Buyer?s market, it most certainly is not a borrower?s market. With the excess inventory of homes for sale, it?s too bad that it isn?t that easy to buy a home unless you have a down payment of 10% or more ready. More About: Money , Home , Lenders
Reverse mortgage lenders pay you to stay in your home
More articles from this author:2008-07-24 17:00:00 There are many different benefits to a reverse mortgage. First and foremost, you get money from the equity you have built in your home to use however you please. More About: Home , Mortgage , Stay , Reverse Mortgage , Lenders 1, 2, 3, 4, 5, 6 |
|
