mortgage: MetLife Exiting Reverse Mortgage Business - 04/26/12 05:19 AM
Wall Street Journal Reports: MetLife Exiting Reverse Mortgage Business   By MIA LAMAR / Wall Street Journal MetLife Inc. said Thursday it is selling its reverse mortgage business, its latest move to avoid increased regulatory scrutiny and stay focused on its core operations.
The U.S.'s largest life insurer in March failed "stress tests" by the Federal Reserve that were aimed at gauging the capital adequacy of 19 of the biggest U.S. financial firms under a severe economic worsening.
MetLife, which has been a bank holding company since it pushed into banking in 2001 to offer retail savings and other products to its clients, was the … (0 comments)

mortgage: Today show segment on Pros and Cons of Reverse Mortgages - 04/13/12 02:13 AM
Today Show crash course on Reverse Mortgages.  Brief segment but some good information.  Borrowers must be 62 or older to qualify and the loan must be secured by a primary residence.  There is no limit to what funds can be used for including purchase of investment property and/or second homes.  
 

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Neil Sweren, HECM Reverse Purchase Specialist (Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org))

Neil Sweren

HECM Reverse Purchase Specialist

Owings Mills, MD

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Atlantic Coast Mortgage, LLC NMLS ID # 643114 (www.nmlsconsumeraccess.org)

Address: 11403 Cronridge Drive, Suite 232, Owings Mills, MD, 21117

Office: (443) 738-9121

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Learn the ins and outs of reverse mortgage financing from a seasoned expert with thousands of closed transactions.


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