reverse mortgages: Wells Fargo Mortgage Backs Out Of Reverse Mortgages, MetLife To Stay In?
- 06/17/11 05:57 AM
Breaking news in the reverse mortgage industry: Wells Fargo announced at 3:00PM yesterday that it is pulling out of the Reverse Mortgage business altogether. Leaving MetLife as the only major player in this lucrative market serving seniors over 62. Reverse Mortgages are a safe place for real estate investors to invest making them a favorite financial instrument for Financial Consultants. Banks like to authorize the loans because the FHA is backing them, then resell the loans to investmetn trusts. MetLife Home Mortgage is the only major player left in this field.
To find out about this home loan financing option … (4 comments)
reverse mortgages: Seniors Should Not Lose Their Homes To Tax Sales and Foreclosures If They are 62 And Have Enough Equity
- 05/28/10 09:56 AM
From where I sit, it appears to me (and probably appears to home buyers as well...) that Real Estate Agents are predatory: Everyone except Mary Andes is hoping to capitalize on someone's misfortune, like a vulture hovering over a hapless victim waiting for them to loose thier home. For more than a few seniors, it looks to me as if some reverse mortgage loans are a way for people to KEEP their home and Mary is offering a way for many to avoid foreclosure. Most Real Estate Agents that I come across are wanting to do short sales and could care … (2 comments)
Breaking news in the reverse mortgage industry:
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