Archive for October, 2008
Australia’s Reverse Mortgage Market Continues To Grow
From time to time I like to take a look at the reverse mortgage market from a global perspective. Many westernized countries including Australia, New Zealand, Canada and England offer various forms of what we refer to as reverse mortgages.
While the global housing related financial sectors of various economies may been headed towards record lows, [...]
Local Focus: Michigan Reverse Mortgage Stats
Michigan has seen some increased HECM activity during the 1st three quarters of this year. Even with many counties having poor equitiy positions due to heavy foreclosures and job losses, many seniors are applying and getting approved for reverse mortgages, according to HUD.
Michigan Reverse Mortgage Lenders. So, who are Michigan’s top reverse mortgage lenders? The [...]
Silverboat.com Introduces Socially Responsible Lending for Seniors … - MarketWatch
Silverboat.com Introduces Socially Responsible Lending for Seniors …MarketWatch - Oct 24, 2008"Potentially troubling," concedes Peter Bell, President of the National Reverse Mortgage Lenders Association (NRMLA), is the wave of unscrupulous players …
Titan Lenders Corp and Bay Docs Partner on HECM Outsource Service - MarketWatch
Titan Lenders Corp and Bay Docs Partner on HECM Outsource ServiceMarketWatch - Oct 14, 2008According to Kladde, Titan Lenders Corp will absorb any cost or fees related to errors in its delivery of reverse mortgage services to lenders. …Reverse mortgages set record, new loan limit eyed Reutersall 10 news articles
A lift for reverse mortgage market - HeraldNet
A lift for reverse mortgage marketHeraldNet, WA - Oct 19, 2008Reverse mortgages are originated largely by private lenders. Most are members of the National Reverse Mortgage Lenders Association (www.reversemortgage.org) …Ins and outs of reverse mortgages Scripps Newsall 5 news articles
Reverse mortgage turns home equity into cash - Centre Daily Times
Reverse mortgage turns home equity into cash
Centre Daily Times, PA - Oct 22, 2008
None of your other assets will be affected by HUD’s reverse mortgage loan.
Q: Can a lender take my home away if I outlive the loan?
A: A reverse mortgage is a special type of home loan that lets a homeowner use a portion of the equity [...]