Archive for May, 2007
Why Manhattan Beach Loves the Reverse Mortgage
Turning your house to gold through Manhattan Beach Reverse Mortgage
A nice view, a cool air breeze, and a beautiful sunset everyday. Who wouldn’t kill for that life? Manhattan Beach has been a lifelong dream for most of us to spend our retired days [...]
Statistics on California Reverse Mortgage Lenders
California’s top reverse mortgage lenders thru April 2007 according to American Community Survey. The following table shows California’s top 10 originators of HUD HECM (Reverse Mortgage) loans.
Top California HECM Lenders
HECM
Loans
2007
WELLS FARGO BANK NA
1,496
LIBERTY REVERSE MORTGAGE INC
572
FINANCIAL FREEDOM SENIOR FUNDI
378
HOME CENTER MORTGAGE
309
NEW HORIZONS REVERSE MORTGAGE
230
SEATTLE MORTGAGE COMPANY
210
REVERSE MORTGAGES OF CA IN
151
OMNI HOME FINANCING INC
148
FUTURESAFE FINANCIAL [...]
Countrywide set to bully Reverse Mortgage Market
As Bank of America and Wells Fargo are lengthening their strong hold on the Reverse Mortgage Market, Countywide annouces that there is another elephant set to dominate the party. Marketwatch Reports that:
The nation’s aging population, along with the rapid housing-price appreciation from 2000 to 2005, has led to record growth in reverse mortgages, which [...]
Reverse Mortgage Notes for Los Angeles
May 2007, Los Angeles
A wide variety of financial institutions in Los Angeles have different roles in finance and reverse mortgage. These financial institutions help make sure finance and Los Angeles reverse mortgage has no other problem. Some of these institutions include banks, link lenders and borrowers. These institutions in Los Angeles [...]
Pension and Social Security not enough for many
WCAX-TV recently interviewed soon to be retiree Sally Rice. Check out the interview here.
Sally’s contention like many is that retirement and pension payments may not be enough to live in this day and age when inflation and costs of living increases far outperforms many peoples current rate of return, if any return exist [...]
California Reverse Mortgage - Why We Cant Live Without Them
California, May 2007
There are plenty of reasons why one should like reverse mortgage. Anyone whose age is about 62 or older and owns her own home and needs to supplement her retirement income can use a reverse mortgage to obtain needed cash to support her and still remain in her home. In a nutshell, [...]