February 28th, 2011 | by John | published in News, Retirement, Reverse Mortgage
While reverse mortgages offer older Americans a way to tap home equity during retirement, the collapse of the mortgage market in 2008 has led to major changes that impact consumer choices according to a new report from the AARP Public Policy Institute. “For homeowners who are “house-rich, but cash-poor,” reverse mortgages can be a lifeline [...]
February 28th, 2011 | by Elizabeth | published in Generation Mortgage, News, Reverse Mortgage
A reverse-mortgage focused article, “Reverse Mortgagers See Rising Need, Old Fears,” in online financial publication The Street discusses the increasing need of reverse mortgages for those in the “sandwich generation,” and offers a strong defense from Generation Mortgage‘s Jeffery Lewis. Presenting reverse mortgages as an option for older people who don’t have the retirement income they [...]
February 28th, 2011 | by John | published in News, Podcast, Reverse Mortgage
Reverse Fortunes Weekly Podcast Episode #143 The latest podcast looks at what mortgage industry trade groups are doing to stop the Federal Reserve’s compensation rule and more. To listen login or become a free member to listen to past & current episodes Talking Points: It takes a village for boomers Appraiser Management Company to launch [...]
February 28th, 2011 | by John | published in News, Reverse Mortgage
Reverse mortgages can help a range of people according to an article from the Washingotn Times. “While few traditional-mortgage borrowers give me a hug after the closing, it is very common to have that happen after we close on a reverse mortgage,” said Chris Warner, a reverse-mortgage consultant with MetLife Bank. “Most people are just [...]
February 28th, 2011 | by John | published in FHA, News, Reverse Mortgage
The Department of Housing and Urban Development released a new independent publication focused on informing housing and community development advocates, state and local policymakers, Congress and researchers on new approaches to issues related to housing and community development. “Evidence Matters” is an objective, unbiased publication intended to inform the broad housing and community development field on [...]
February 27th, 2011 | by John | published in News, Reverse Mortgage
With a little more than 30 days until the Federal Reserve Compensation rule goes into effect, reverse mortgage lenders are dragging their feet on how they plan to implement the new rule. The Fed rule bars tying compensation to terms of the loan and is expected to drastically change the way individual loan originators are [...]
