Aside from its central purpose of enabling people 62 or older to pull equity from their homes for various retirement uses, a reverse mortgage also may be a financial lifeline for seniors struggling to make their forward mortgage payments – those ineligible for help under the federal government’s HAMP, Home Affordable Modification Program. That program, [...]

MetLife Bank announced that Stephen Eastman of Raymond, ME has joined the company as a Reverse Mortgage Consultant for Maine and New Hampshire. “I am excited to have Steve join the MetLife Bank family, to help meet the needs of a growing number of consumers in northern New England who are considering whether a reverse [...]

This year, the Social Security system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016 said the Congressional Budget Office. The Obama Administration said that while the Congressional projection would probably be borne out, the change would have no [...]

Last chance to sign up for reverse mortgage training with Sam Collins. He is providing RMD readers with another free training session on April 6, 2010 at 2:00 PM where Sam will provide tips for managing your leads. The “Filling the Funnel . . . Your Building Blocks to Success 
” session will cover: How [...]

Knight Capital Group, Inc. (Nasdaq: NITE), announced that it has agreed to acquire Urban Financial Group, Inc., a privately-held, independent reverse mortgage mortgage company based in Tulsa, Okla. The acquisition will provide Knight’s fixed income team with a captive new issue pipeline of HECM mortgage-backed securities (HMBS) for institutional clients said the company in a [...]

Tax Collector Jane Berendsen-Hill told the Ridgefield Press that two homeowneers were able to save their homes after they were auctioned in the town’s tax sale by using a reverse mortgage. “They stayed in the ownership of the original owners and we got the taxes,” she said to the Board of Finance. The news was [...]