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Three Mortgage Officers Sentenced to Federal Prison - Housing Predictor

Three Mortgage Officers Sentenced to Federal Prison
Housing Predictor
By Mike Colpitts Three mortgage officers and a title agent have been sentenced to federal prison for their parts in a nationwide reverse mortgage fraud scheme that lasted nearly a year, and took advantage of dozens of senior citizens, taking in more .

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Spending and Saving Q&A | What is a reverse mortgage?
A reverse mortgage allows you to convert part of the equity in your home into cash without having to sell your home or take on additional monthly bills, according to the Federal Trade Commission...

Reverse Mortgage Versus HELOC for Extra Cash?
A reverse mortgage needs to be on your primary residence, and you can't move out of that residence without triggering the payoff of the reverse mortgage...

Genworth Financial Sees $107 Million Fourth Quarter Profit, Strong .
Genworth Financial (NYSE: GNW) reported strong fourth quarter earnings of $107 million, up from a $161 loss in the fourth quarter of 2010 and beating analysts' estimates. Earnings per share were 22 cents compared with a ...

Reverse Mortgages: Big Potential, Small Results
Reverse mortgages should be a breakout product of demographic destiny. Millions of older Americans are hurtling toward very uncertain retirements . Survey after survey documents a serious lack of retirement ...

Mortgage Rates Reverse Course on Positive Housing Data
McLEAN, Va., Jan. 26, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC.OB - News) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates climbing as the housing market ...

Reverse Mortgages Return
Lenders are quietly reviving a loan for seniors that helps them convert home equity into cash...

Is a reverse mortgage the right choice?
Thursday, February 2 nd , 2012 Issue 05, Volume 16. A reverse mortgage is a loan for senior homeowners over 62 years old that uses some of their home equity as collateral...

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Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make . - Reverse Mortgage Daily

Puerto Rico Reverse Mortgage Heavyweight Moving Stateside, Plans to Make .
Reverse Mortgage Daily
One of Puerto Rico's largest reverse mortgage lenders is expanding into the United States and plans to carve out a EURœnicheEUR targeting the Hispanic population. With seven branches and 80 employees, Money House is the second largest reverse mortgage .

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Boomers' $3 Trillion Nest Egg
An important issue facing aging boomers is if -- and how -- to use their home equity to help secure their retirement...

Reverse mortgage vs. HELOC for extra cash?
Dear Dr. Don, We own a condo in Florida and a home in Pittsburgh. I just retired at 70 years old, and now money is very tight. Can I qualify for a reverse mortgage on one of my homes? As you know, selling real estate in this market is a problem...

Converting home equity into cash has been a challenge for homeowners since the real-estate downturn, but a growing number of lenders are quietly reviving a loan for seniors that does just that: the..

Ryan Menerey Joins Reverse it! - National Mortgage Professional Magazine

Ryan Menerey Joins Reverse it!
National Mortgage Professional Magazine
Menerey is a former regional account manager for Genworth Financial with nearly a decade of collective experience in the sales and mortgage industry and several years in the reverse sector specifically. EURœWe were looking for someone to help us as we .
Urban Hires Former Genworth Account Exec To Wholesale DivisionReverse Mortgage Daily

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