April 26th, 2010 |
by John |
published in
FHA, News, Reverse Mortgage
During his testimony in front of the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies, David Stevens, Assistant Secretary of Housing for the Federal Housing Administration urged members to fulfill the $250 million appropriation request for HUD’s FY 2011 budget. After performing considerable analysis to reduce the risk to the taxpayer [...]
April 26th, 2010 |
by John |
published in
News, Reverse Mortgage
Howard Gleckman, Senior Research Associate at the Urban Institute writes about using a reverse mortgage to help the aging population pay for long term care through the state. According to Gleckman only about seven million Americans have private long-term care insurance and the average retiree has financial assets of less than $100,000. If a 65-year [...]
April 26th, 2010 |
by John |
published in
Counseling, News, Reverse Mortgage
Money Management International (MMI) announced it will be offering free reverse mortgage counseling sessions starting May 1, 2010. Enabled by a $1.4 million grant from the US Department of Housing and Urban Development, MMI said has sufficient grant funds to cover expense through September 2010, at which time new HUD grant funds will become available.
April 26th, 2010 |
by John |
published in
News, Podcast, Reverse Mortgage
Reverse Fortunes Weekly Podcast Episode #100 Elimination of Fees Good for Reverse Mortgage Borrowers? To listen login or become a free member to listen to past & current episodes Talking Points: Reverse mortgage recovers stolen funds Uptick in loan volume Arizona, Louisiana & Missouri HECM legislation recap Reverse 123 to host weekly radio program Retirement [...]
April 25th, 2010 |
by John |
published in
News, Reverse Mortgage, Reverseit
A couple weeks after announcing the acquisition of Urban Financial Group, Tom Joyce, CEO and Chairman of Knight Capital Group, Inc. (NASDAQ:NITE) said the purchase provides Knight an attractive growth opportunity during a conference call with analysts after the company’s first-quarter net profit jumped to $27.8 million from $9.4 million, a year earlier. Expected to [...]
April 23rd, 2010 |
by John |
published in
FHA, News, Reverse Mortgage
Reverse mortgage applications came in at 7,398 units for March, up 11.4% from February according to the latest Federal Housing Administration Outlook Report. Despite HECM applications being down 54.1% during FY 2010, March is the second straight month over month increase in applications and is encouraging considering volume has been trending lower all year. During [...]
