Archive for May, 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 [...]
Statistics on Texas Reverse Mortgage Lenders
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 [...]
Live from St. Louis: Reverse Mortgages can help seniors
Until fees come down, as they are with the entrance of the big players such as Countrywide, Wells Fargo and Bank of America the clear cut benefit of the loan will always have its detractors. Especially those retirement gurus that tell you to save, be thrifty and leave your cash to your kids. [...]
Ginnie Mae uses data to create new reverse mortgage
Borrowers are more likely to be single females who terminate slowly.
May 18, 2007 A study of the timing of reverse mortgage terminations has been completed that provides the information necessary for Ginnie Mae (Government National Mortgage Association) to issue its first HECM Mortgage-Backed Security (HMBS) this year. The Ginnie [...]
Reverse Home Mortgage - How they work
Reverse home mortgage is the transfer of possession of a property by the reverse home mortgagor to the reverse home mortgagee for a particular consideration. The agreement incorporates the right of the reverse home mortgagor to redeem the property by paying the principal amount received during the transfer of possession. The contract also provides for [...]
Reverse Mortgage Watch Friday May 18th, 2007
Reverse Mortgage Watch
National Housing of India jumps into Reverse Mortgage field.
No shortage of critics, even in Australia as the market continues to grow.
In Tennesse its better to stay then to sell.
Reverse Mortgage Lenders land on Youtube.
A new play on tapping into your mortgage without a loan.
Own a McMansion, now you can get a reverse [...]
