The Securities and Exchange Commission (SEC) just published a report which shows that baby boomers today control more than $13 trillion in household investable assets.  This accounts for over 50% of the total household investments assets in the U.S.  The number of baby boomers will continue to grow with projections of nearly 1 in […]

National Public Radio recently featured a story about reverse mortgages in its Weekend Edition with Liane Hansen.  The story spotlights how Americans over the age of 50 are being hit hard by the mortgage crisis.  According to AARP, in the second half of last year there was nearly 700,000 older Americans in foreclosure or […]

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A few reverse mortgage headlines from the week:

What’s Wrong with This Suggested Solution to the Mortgage Mess? (SeekingAlpha)
New FHA Reverse Mortgage Lending Limit Reinforces Need for Greater Reverse Mortgage Education and Awareness (MarketWatch)
Older Americans Among Most Vulnerable (Charleston.net)
Reverse Mortgages, Bailouts, Latest Scam (HULIQ)

Have a great weekend!

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD,Mortgage

Today Department of Housing and Urban Development (HUD) announced that $50 million in housing counseling and counseling training grants that will go out to nearly 400 national state and local agencies.  The counseling grants will assist families in becoming first time homeowners and remain homeowners after their purchase.  A portion of the grants will […]