Reverse Mortgage

The Best In…
Wall Street Journal
REVERSE MORTGAGE GUIDE If you or an aging parent are considering taking out a reverse mortgage , start by reading an excellent publication from the National Council on Aging, “Use Your Home to Stay at Home.” The 28-page booklet begins with an overview …

Updated Condo Approval Process for Reverse Mortgages
HULIQ, NC
Now, reverse mortgage lenders have the authority to determine the eligibility of projects, review documentation of projects and be certified to comply with HUD's regulations. As before, HUD will maintain a list of Approved Condominium projects. …
Updated Condo Approval Process for Reverse Mortgages Examiner.com
all 14 news articles

California Updates Reverse Mortgage Elder Protection Act
Reverse Mortgage Daily, IL
AB 329 includes provisions which prohibit any person who participates in the origination process from requiring an applicant to purchase an annuity as a condition of obtaining a reverse mortgage . It also prohibits referring the borrower to anyone for …

Inspector General Concerned About Reverse Mortgage Fraud
Reverse Mortgage Daily, IL
An elderly woman complained that her former health insurance representative stole approximately $200000 from her HECM by convincing her she needed to pay him a fee to process her loan application and to repay him the reverse mortgage loan amount. …

SECU Wins Two Awards
Credit Union Times, FL
The Louise A. Herring award was presented to the credit union for its reverse mortgage product. State Employees' Credit Union in Raleigh, NC, was the first place winner of the Dora Maxwell Social Responsibility Award and the Louise A. Herring Award for …

Seniors hear pros, cons of reverse mortgages
Carlsbad Current Argus, NM
The Home Equity Conversion Mortgage is FHA's reverse mortgage program that allows senior homeowners to convert the equity in their home into cash or monthly payments or a combination of both. Although no repayment is required as long as the home is the …

A different kind of loan shark reverse mortgage
HULIQ, NC
With home values falling still, the basis of your reverse mortgage is ridiculously low. With few homes being sold there are no decent comparisons to be found. With so many foreclosures on phony mortgages, what do the unscrupulous mtg brokers do? …

First American Expands Reverse Mortgage Division With New Hires
Reverse Mortgage Daily, IL
She brings over 7 years of experience in the title and escrow industry and over 2 years specializing in the reverse mortgage business. Prior to joining TRT, she was the national account manager for All Reverse Mortgage Escrow. Lichtner, who also serves …

FNMA Stops T-bill Reverse Mortgages
Examiner.com
The FNMA has announced that they will no longer offer the purchase of the constant maturity Treasury (CMT-indexed) Home Equity Conversion Mortgage in order to help standardize Reverse Mortgage rates and simplify the variety of products. …

Attorney General's Bill Vetoed, Says Reverse Mortgage Hype Is Coming
Reverse Mortgage Daily, IL
The reverse mortgage industry let out a sigh of relief when Minnesota's Governor vetoed a bill which would've hurt the reverse mortgage industry and seniors living in the state. The person who spear headed the introduction of SF 489 was Minnesota's …

Industry Calls For Resources to Support FHA Growth
Housing Wire
Potential fraud threats the OIG keeps an eye on include appraisal fraud, id theft, origination fraud, rescue/foreclosure fraud, bankruptcy fraud, reverse mortgage fraud and nursing home-related fraud — like one instance in which the US Justice …

A Reverse Mortgage Is A Costly Option To Use Your Home Equity
Nurido, Austria
The first advantage of a reverse mortgage is that it allows you to borrow from your home equity without having to pay it back for as long as you live there. But it's a costly way to access your home equity. Here, I consider why it's costly, …
A different kind of loan shark reverse mortgage HULIQ
Seniors hear pros, cons of reverse mortgages Carlsbad Current Argus
FNMA Stops T-bill Reverse Mortgages Examiner.com
all 4 news articles

HECM Market Grows, Pullback Expected
Inside Mortgage Finance, MD
… single-quarter record in early 2009, but declining house prices, prevailing concern about the niche product's exposure to fraud and predatory practices, and recent talk of eligibility changes have many reverse mortgage lenders expecting the worst. …

"After Hours Most Active" - BAC,JPM - sourced …
TransWorldNews (press release), GA
… US Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. …

Counselors Key in Halting Reverse Mortgage Fraud
Inside Mortgage Finance, MD
The Department of Housing and Urban Development has urged FHA-approved housing counselors to review recent guidance published by the Federal Trade Commission on how counselors can spot fraud in a reverse mortgage . HUD accounts for 90 percent of the …