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May 21st, 2007

You are currently browsing the articles from Reverse Mortgage and Loan News written on May 21st, 2007.

Money Scams and Tricks Target Baby Boomers

As if the prospect of $4 gasoline, communicating with the Social Security Administration and droves of American jobs being outsourced overseas wasn’t enough, Baby Boomers must not seriously guard their nest eggs from get rich quick schemes that abound.

The Chicago Tribune focuses on such scoundrels, giving particular attention to a gentlemen that “pied pippered” nearly $50 million from 500 seniors looking to pad their retirements. (more…)

Written by charles dennis on May 21st, 2007 with no comments.
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Statistics on Texas Reverse Mortgage Lenders

Texas reverse mortgage and loan data and lender stats

Texas’ top reverse mortgage lenders thru April 2007. Look for Wells Fargo’s lead to fall as the year goes on with Bank of America and Countrywide making noise at the party.

Top Texas HECM Lenders HECM
Loans
2007
WELLS FARGO BANK NA 402
1ST AAA REVERSE MORTGAGE INC 241
FINANCIAL FREEDOM SENIOR FUNDI 222
MONTGOMERY MORTGAGE INC 126
GRIFFIN FINANCIAL MORTGAGE LLC 111
JUDITH O SMITH MORTGAGE GROUP 105
E-LOANSTOGO.COM 82
NETWORK FUNDING LP 54
SEATTLE MORTGAGE COMPANY 47
ALETHES LLC 47
FIRST MARINER BANK 38
CITIZENS MORTGAGE CORPORATION 32
RELIANCE MORTGAGE CO 28
MAVERICK RESIDENTIAL MORTGAGE 25
PACIFIC REVERSE MORTGAGE INC 25
COLONIAL SAVINGS FA 24
TERRAVISTA MORTGAGE LP 21
EQUIPOINT FINANCIAL NETWORK IN 20
DIVERSIFIED FINANCIAL SOLUTION 15
SOUTHSIDE BANK 13
MSU FINANCIAL LLC 13
SENIOR REVERSE MORTGAGE SERVIC 12
CARTERET MORTGAGE CORPORATION 12
HOME LOAN CORPORATION 11
LIVE WELL FINANCIAL INC 11

Written by charles dennis on May 21st, 2007 with no comments.
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