Local Focus
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 [...]
Dateline New Zeland: Reverse Mortgage Trouble Down Under
American seniors are not the only people feeling the squeeze of their home equity. A friend of mine from New Zeland sent me this article, regarding the financial troubles occuring there.
As property prices continue to fall, some home owners with reverse mortgages are starting to feel a little nervous.
A reverse mortgage allows senior citizens [...]
Georgia Top HECM through Q3 2008
Georgia has been one of the highest growth states for reverse mortgage/HECM in the United States. Expect to see Wells Fargo’s numbers increase with their current acquisitions.
Top Georgia HECM Lenders
HECM
Loans
2008
FINANCIAL FREEDOM SENIOR FUNDI
70
PARK PLACE REVERSE MORTGAGE IN
62
WELLS FARGO BANK NA
59
GENERATION MORTGAGE COMPANY
58
SENIORS HOME REVERSE MORTGAGE
31
UNITY MORTGAGE CORP
24
LIBERTY REVERSE MORTGAGE INC
22
COUNTRYWIDE BANK FSB
17
GUARDIAN FIRST FUNDING GROUP [...]
Financial survival workshop for homeowners set [Florida]
Financial survival workshop for homeowners set [Florida],
Homeowners struggling with debt and the threat of foreclosure may sometimes face a third danger: financial predators looking for vulnerable targets.
Organizers of the Financial Survival Workshop planned for Saturday in Fort Myers plan to offer advice for tackling all of the above.
The event is sponsored by Reverse Mortgage Group, [...]
Local Focus: San Diego, California
San Diego Reverse Mortgage
The principle behind reverse mortgage is practically the same all over the world. There are however, slight variations in miscellaneous details per country, per state and even per county. A good example of variation would be the interest rates as mandated by law per country. There [...]