ARCHIVED BLOG POSTS
2010
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The Reverse Mortgage is seeing many changes now in October 2010, and what a seesaw ride the last few months have been in the Reverse Mortgage Industry. Much of the news has been doom and gloom. First, we waited for congress to sign the $250 Million appropriation that FHA was asking for, but it ...
10/12/2010
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The value limit, or loan limit, for the Reverse Mortgage has been extended again. In February 2009, President Obama signed the stimulus package, which included an increase in the Reverse Mortgage loan limits. Well not really the loan limit, but the value we use to then figure the loan amount wa...
10/12/2010
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The Reverse Mortgage benefits have changed for HUD's Fiscal Year 2011, and what a seesaw ride the last few months have been in the Reverse Mortgage Industry. Much of the news has been doom and gloom. First, we waited for congress to sign the $250 Million appropriation that FHA was asking for, b...
10/12/2010
What a seesaw ride the last few months have been in the Reverse Mortgage Industry. Much of the news has been doom and gloom. First, we waited for congress to sign the $250 Million appropriation that FHA was asking for, but it never came. FHA needed this money to supplement and diminishing Mort...
10/11/2010
The Reverse Mortgage program has changed now in October 2010, and what a seesaw ride the last few months have been in the Reverse Mortgage Industry. Much of the news has been doom and gloom. First, we waited for congress to sign the $250 Million appropriation that FHA was asking for, but it nev...
10/11/2010
In February 2009, President Obama signed the stimulus package, which included an increase in the Reverse Mortgage loan limits. Well not really the loan limit, but the value we use to then figure the loan amount was increased by 150%. The value limit had previously been set at $417,000, and the ...
10/11/2010
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Reverse Mortgage Loan Limits Extended! In February 2009, President Obama signed the stimulus package, which included an increase in the Reverse Mortgage loan limits. Well not really the loan limit, but the value we use to then figure the loan amount was increased by 150%. The value limit had p...
10/11/2010
Below is my Biography, which will help you understand more about who I am and what I can offer as a Reverse Mortgage Expert. Phil Stevenson combines his knowledge, education, and experience with his ingenuity and ethical practice to achieve the best possible outcomes for his clients and colleague...
10/07/2010
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Bank of America has decided to stop offering wholesale business, which means Mortgage Brokers can no longer offer BOA Loans. Hmmm, is this another step in the direction of the Government and Large Banks squeezing out the Brokers? If that wasn't enough for you, now the large lenders are cutting t...
10/06/2010
Thank you for taking them time to visit this blog so that you can get the Reverse Mortgage Calculator. Please click on the link below and enter the information as needed so that I can provide you with an ACCURATE and CURRENT CALCULATOR: REVERSE MORTGAGE CALCULATOR We are one of the top Reverse M...
10/04/2010
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas