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Evicted 101-year-old Detroit woman can't go home - CBS News

msnbc.com

Evicted 101-year-old Detroit woman can't go home
CBS News
12 and her belongings placed outside after her 65-year-old son failed to pay property taxes linked to a reverse mortgage and the US Department of Housing and Urban Development foreclosed on the home. Two days later, the department said she could return .
Evicted 101-year-old Detroit woman can't go home after allSalt Lake Tribune

all 247 news articles »

HomEquity Bank's reverse mortgage originations up 42% in Q4 2011
HomEquity Bank's reverse mortgage originations up 42% in Q4 2011..

Fox News Already a SOPA Victim with Incorrect Reverse Mortgage EURœFactsEUR? - Reverse Mortgage Daily

Fox News Already a SOPA Victim with Incorrect Reverse Mortgage EURœFactsEUR?
Reverse Mortgage Daily
Just because Wikipedia's blacked out today (in protest of the Stop Online Piracy Act) doesn't give Fox Business News an excuse to not get its reverse mortgage facts straight, as a recent article states that eligible homeowners can receive up to the .
US Seniors Have $3.19 Trillion in Home EquityNational Mortgage Professional Magazine

all 4 news articles »

CBS News: Reverse Mortgages Work, But No Excuse for Not Saving - Reverse Mortgage Daily

CBS News: Reverse Mortgages Work, But No Excuse for Not Saving
Reverse Mortgage Daily
A CBS News column asks this question, citing research by the National Reverse Mortgage Lenders Association that finds home equity increased by $46 billion in the third quarter of 2011, amounting to $3.19 trillion in total. Reverse mortgages are one way .
Boomers' $3 trillion nest eggCBS News

all 3 news articles »

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Why CHIP Rates Remain High - Canadian Mortgage Trends

Why CHIP Rates Remain High
Canadian Mortgage Trends
One that hasn't is the rate on CHIP reverse mortgages. On October 12, 2009, CHIP parent HomEquity Bank announced its receipt of bank status. Bank status helped it significantly cut rates down to 5.90% for a 5-year term in October 2009 (that compared to .

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Boomers' $3 trillion nest egg
Will older Americans' fortune in home equity bail out their retirement?..

Money Pros:
The Money Pros are standing by to take your questions. Q. What is your opinion on..

An Origination News article seeks to address the issue of home appraisals and..

Amid Squeeze on Home Equity, A Revival for
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..

CBS News:
Given a multi-trillion-dollar accumulation of home equity held by seniors, the question remains: how best to use it to fund retirement? A CBS News column asks this question, citing research by the National..

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

Rear Admiral Thomas C. Lynch Named Chairman of Board at Nationwide Mortgage Lender, NewDay USA, LLC
NewDay USA, LLC, a nationwide VA, FHA and reverse mortgage lender, today announced that Rear Admiral Thomas C. Lynch , a senior executive with impressive credentials in diverse disciplines, will serve as chairman of the board of directors of NewDay USA...

Canadians looking for sources of cash in their retirement are tapping into..

Boomers' $3 trillion nest egg
Americans aged 62 and older had accumulated $3.19 trillion in home equity by the end of the third quarter of 2011, according to data recently released by the National..

NATION: Reverse mortgages may not be for everyone
With fixed incomes and increased living expenses, many senior citizens are turning to reverse mortgages as a way to receive extra cash...

Reversal of fortunes - Perth Now

Reversal of fortunes
Perth Now
One way out is to sell the home and rent, another is to take out a reverse mortgage a loan with no obligation to make repayments. If borrowers choose to make no payments, the debt will probably double every nine or 10 years. Reverse mortgages tend to .

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