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Reverse Mortgage


The National Consumer Law Center, (NCLC) an organization that I had never heard of before came out…
Currently, there are 34 million Americans 65 or older. By 2030, this number should more than double…
The Office of the Comptroller of the Currency (OCC, a division of the US Treasury Dept. ) recently…
HUD's absurd decision to cut every Home Equity Conversion Mortgage (HECM, the FHA Insured Reverse…
Once you have made the decision that a reverse mortgage is right for you, what do you do next?…
I will start posting regularly again next week For now, there is just too much for me to do to…
FHA Reverse Mortgage - 09/28/2009 04:13 PM
FHA Reverse Mortgage : If you are 62 or older and own your own home, you may qualify to continue…
Here is the link to the video http://www. cnn. com/video/#/video/business/2009/08/29/nr. reverse…
John Yedinak's Reverse Mortgage Daily Blog posted the National Reverse Mortgage Lender Association…
AP ran a story today that says that many more older Americans will be working for many more years…
Here is an AP story from today that shows that, because there was no inflatiion this year, there…
Until recently, everyone was talking about how someone over the age of 62 (both spouses must be at…
First the good news: In "The Sokesman, " Tom kelly writes avery good (and short) article about how…
Fox Business News had a short piece on Reverse Mortgages last week. The two anchors are pretty…
I never thought I would be fascinated by a Presentation from the Governmnet, but the Reverse…
The Baby Boomers started turning 62 last year (2008) and over 15 million people will turn 62 every…
Another great article (there have been many lately) last week in The Connecticut Post. Here is the…
Saul Friedman wrote a great article about Reverse Mortgages in Newsday a few days ago. Here is the…
Yahoo Finance posted a very positive Reverse Mortgage piece that was originally in Kiplingers…
Today's Wall Street Journal has an editorial today that warns that the Federal Housing Authority..
Are you thinking about getting a reverse mortgage in San Francisco, CA Well, you should first…
A little background is needed to explain what happened. About a month ago, HUD asked Congress for…
First Reverse is Shutting Down - 07/28/2009 08:19 AM
First Reverse, the Reverse Mortgage company that was acquired by Wilmington Savings Fund Society..
Congress is discussing extending the $625, 500 limit out at least another year (Thank God) but in…
I know I've posted a lot about how great Reverse Mortgages are, but the truth is that every…
Seniors today often live with a great deal of financial uncertainty. The retirement they imagined…
My last post was about people in forclosure who are being helped with a Reverse Mortgage. I…
Reverse mortgages can serve as an effective way to protect a homeowner from foreclosure. Now…
I'm helping out someone who is in foreclosure and getting a Reverse Mortgage to pay off his loan…
I HATE INDYMAC! - 07/10/2009 07:40 AM
I am working on A Reverse Mortgage for a client that has a second lien with Indymac. The first lien…
Yesterday's post was about using a Reverse Mortgage for foreclosure rescue and I received a few…
I have seen a huge spike in requests for Reverse Mortgages for borrowers who are in foreclosure…
Okay, many, many people have asked me how a Reverse Mortgage for purchase works. Here it goes:..
Reverse Mortgages for Purchase have been available for years, but only as a "Jumbo" propietary loan…
I hear all the time from elder law attorneys and financial planners who don't understand how…
I know I've posted about this before, but it has now been almost eight months! since the government…
Atare Agbamu is a Reverse Mortgage veteran who has recently discovered that there is a problem in a…
I was going to put some links up for the recent articles and Television pieces on Reverse Mortgages…
Nick Timiraos who wrote a very good piece in the WSJ last week was interviewed along with a CNBC…
I am trying to determine when one of the Jumbo products that I mentioned last week (Bank of America…
Just to reiterate, there are some Jumbo Reverse Mortgage products available. The products don't…
After John Dugan's speech about the dangers of propietary (Non-FHA) Reverse Mortgages, I decided to…
John Dugan gave a speech two days ago and said that there were soem inherent risks in "propietary"…
The Wall Street Journal published a great article about Reverse Mortgages today entitled: "Seniors…
Most people do not understand that Reverse Mortgages are Non-Recourse loans. That means that if the…
Now that we've established that Reverse Mortgages can help many people in foreclosure and that for…
I've been helping many people in foreclosure by getting them a Reverse Mortgage to pay off their…
Reverse Mortgage Versus a HELOC - 05/22/2009 09:04 AM
I had a comment today from a reader who asked me why he would choose a Reverse Mortgage over a Home…
Reverse Mortgages continue to grow despite many "experts" who clearly do not understand them,…
The current increased Reverse Mortgage limits are set to expire at the end of this year. I hope…
I was asked this question by a client yesterday. I told him that others do realize it and there…
Reverse Mortgages for Co-ops - 05/11/2009 08:14 AM
I have posted about Reverse Mortgages for co-ops before and I do understand that co-ops are pretty…
Yesterday, I posted about Reverse Mortgage rates. I have posted many times about regular "forward"…
Unfortunately, despite what is going on in the news. there has been something problematic going on…
Two very good pieces about Reverse Mortgages in the past week. First The New York Times had a very…
USING A REVERSE MORTGAGE TO PURCHASE A HOME New Program Available Criteria : Homeowner…
Reverse Mortgage Update - 05/01/2009 03:29 PM
It's a new month and I'm committed to posting everyday as before. Here's what's going on in the…
These come from the Journal of Financial Planning: 28% of working people 55 or over have less…
Reverse Mortgages are really taking off this year and 2009 is looking to be the best year ever for…
My typing is getting worse, so today's post is a video. I have never been more excited to be in the…
I know I've sounded pretty pessimistic lately and I'm sticking to my opinion about the housing…
Here is one closing from last week. Fred was a great client and as always, he was thrilled with…
The greatest news was the increase in the limits. The second greatest news realease was that First…
Here is some follow up on last Friday's post, based on some of the feedback I got via comments,…
Another video post about Reverse Mortgages and the foreclosure "crisis. " I am helping many people…
Still experimenting with video - 03/19/2009 09:12 AM
I'm still trying video out. I'm not saying that I'm not going to type anymore (I do hate typing)…
Thankfully, All of the lenders I deal with are transitioning all of the loans in their pipeline…
I was hoping to post a link here to an article in the latest edition of Secondary Marketing…
There is only one word I can use to describe the reactions I sometimes receive regarding the topic…
Now that the limits were raised to $625, 000 (from $417, 000) I don't even know where to start. If I…
THE LIMITS ARE UP! - 02/25/2009 12:02 PM
Praise the Lord! The Mortgagee Letter finally arrived that raises the Home Equity Conversion…
A MetLife study from October 2008 says that over 70 percent of all people over age 60 have started…
A MetLife study from October 2008 says that over 70 percent of all people over age 60 have started…
According to most authorities, Reverse Mortgages have less than 2% penetration. This means that…
We still don't know WHEN - 02/19/2009 04:43 PM
I'm thrilled that the limit increase made it in the stimulus package, BUT, We have no idea when it…
 
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