I am doing my best to hold the media outlets accountable for their erroneous and negative-slanted portrayal of Reverse Mortgages. I have sent about thirty e-mails over the past few months to the writers or reporters and I have never even been sent a reply. The fact is that until people understan
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06/13/2008
Reverse Mortgage rates are calculated based on some complicated formulas. Right now, across the board for almost every product available, rates are as low as they can go, meaning that borrowers are getting as much as they can. Now is the time to learn more about the product,.
06/11/2008
Today's Washington post writes that foreclosure rates are growing despite the fact that interest rates have fallen and most of the ARM's that are resetting are not hitting their borrowers too hard. See my earlier posts for more about this. In a nutshell: Millions of homes throughout the country w
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06/06/2008
Last week; Metlife, the massive insurance company closed on its purchase of Everhome Reverse, one of the leading Reverse Mortgage lenders. Yesterday, they purchased the forward mortgage origination business of First Horizon Bank in Tennessee. Most people are speculating that they intend to use Fi
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06/05/2008
I wish there were better statistics about how many Reverse Mortgages have been used to rescue people from foreclosure, but there aren't. What I can tell you is that every major lender has a fast track for processing Reverse Mortgages in foreclosure. What that means is that when every loan is subm
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06/03/2008