Working Equity released an interesting solution that allows homeowners to protect 100% of the value of their home even while real estate values fluctuates said a company statement.    "We saw an immediate, pressing need for products that protect homeowners given the tremendous loss of wealth caused by the devastation in the national housing market," said [...]

The US Department of Housing and Urban Development issued Mortgagee Letter 2009-49 to provide guidance for addressing FHA requirements for secured subordinate financing under the Federal Housing Administration’s reverse mortgage program.  According to the ML, Home Equity Conversion Mortgage (HECM) regulations require that there shall be no outstanding or unpaid obligations, either unsecured or secured, [...]

The average reverse mortgage borrower will see their Initial Benefits increase by $2,750 from last week. The rates as of 11/24/09 are:

Industry advocates poised to get the message out about the value of a reverse mortgage have to convince people like Prescott Cole, senior staff attorney with California Advocates for Nursing Home Reform, self-described as a non-profit advocacy organization “dedicated to improving the choices, care and quality of life for California’s long-term care consumers”. Cole and [...]

Inc Magazine published an interesting article about how small businesses are using Google TV Ads to launch low budget advertising campaigns on national cable channels and the satellite service Dish Network. Google TV Ads works just like Adwords, except that instead of bidding on search terms, you bid on airtime.  Advertisers can enter into Google [...]

Equitas announced that Paul Bobrowski has been named as principal and Chief Title Counsel of the Massachusetts based title and closing firm which specializes in reverse mortgages.  Bobrowski is taking over for Robert Cannon who was named CEO of Next Generation Financial Services earlier this week. According to a company statement, Bobrowski has been involved [...]