Reverse Mortgage News for 08/26/2010



implode-explode.com - Implosion News Pick-ups: New Low Cost .
The new EURHECM SaverEUR will be a low cost reverse mortgage product insured by the Federal Housing Administration. Unlike the standard HECM, which has a 2% upfront Mortgage Insurance Premium (MIP), the HECM Saver lowers the cost of entry ...

Move ahead with a reverse mortgage when there's no alternative
DEAR BRUCE: I just checked on a reverse mortgage. I am 63 years old, own my home and have no immediate family. My home is worth about $137,000. I have an outstanding home-equity loan for $10,500. The bank appraised my home at $125,000, because I have the outstanding equity loan. The interest rate is currently 5.49 percent with a mortgage insurance rate of 0.5 percent for a total of 5.99 percent ...

Reverse Mortgage Proceeds Likely to Decrease October 1 - PR-USA.net
Seniors should be informed that the budget proposals working their way through both the House and Senate, as currently drafted, bring a 150 percent increase in annual FHA (Federal Housing Authority) insurance premiums ...

Reverse mortgageloans big in Texas - MySanAntonio
Although reverse mortgages have been widespread across the United States for more than 20 years, the financial product is only 10 years old in Texas this year. The Texas Constitution's strong homestead ...

Reverse mortgages are down but not out. Are they for you .
Do you know someone who's considered a reverse mortgage? IT'S ONLY MONEY wants to know...

Home Mortgage New EUR New 2009 Reverse Mortgage Program For Those 62 .
Reverse mortgages to buy products for seniors 62 and OverMany familiar with a reverse mortgage, or concept. These have become, home, home mortgage new,..

Mount Vernon Mortgage Adds Veteran to Oversee Reverse Mortgage .
Mount Vernon Mortgage Corporation announced it has hired Robert Tranchell to oversee the companies newly expanded reverse mortgage division. Tranchell comes to Mount Vernon with almost a decade of experience in reverse mortgage lending ...

Reverse Mortgage Need to Knows
 From my understanding, one of the most prevalent scams associated with reverse mortgages is companies selling information about reverse mortgage programs, the same information which can be obtained...

Oregon wants reverse mortgage lender to stop deceptive mailings .
Oregon has asked a reverse mortgage lender to stop sending deceptive mailings about reverse loans to residents of the state. The Oregon Division of Finances and Corporate Securities said mailings about reverse mortgages that were sent ...

Oregon again asks EquiPoint to stop deceptive reverse mortgage ads - Oregonian
The mailing arrives with a check at the top, offering Oregon seniors nearly $100,000 if they sign up for a reverse mortgage . "U.S. Economic Stimulus Package Approves New Payouts for Seniors," read the top of ...

Reverse Mortgages: Money From Home - ElderLawAnswers.com
Under our "systemEUR" of paying for long-term care, you may be able to qualify for Medicaid to pay for nursing home care, but in most states there's little public assistance for home care. Most people want to stay at ...

Mount Vernon Mortgage Adds Veteran to Oversee Reverse Mortgage .
A one-third increase in attendance this year at its annual Reverse Mortgage Day, has the Texas Association of Mortgage Bankers sending an optimistic message to the industry at large: There is growing interest in reverse mortgages, ...

Texas now a large reverse-mortgage market - MySanAntonio
Although reverse mortgages have been widespread across the United States for more than 20 years, the financial product is only 10 years old in Texas this year. The Texas Constitution's strong homestead ...

Broker tips rate rise soon
AUSTRALIA'S biggest independently-owned mortgage broker is bracing for an increase in interest rates within weeks as banks move to reverse sliding profit margins...

First Look: Brand New Foreclosure Numbers Reverse MBA Survey's Bright Spots - Yahoo Finance
Barely an hour after I reported the somewhat positive delinquency survey from the Mortgage Bankers Association, I received a soon-to-be released report from Lender Processing Services that threw a bucket of water on the ...

Is the Mortgage Crisis Finally Improving?
The proportion of mortgaged U.S. households 90 or more days behind on payments has had its biggest drop since the mortgage crisis began four years ago, though the figure still remains high. The Mortgage Bankers Association reports that the percentage of mortgages that are seriously delinquent declined from 9.5 to 9.1 percent between the first and second quarters of 2010. That's still alarmingly ...

7 Tips that Might Save You Thousands NOW and More Over the Lifetime of Your Mortgage . - Associated Content
Our goal is to show you: How to pay less interest and more towards your principal. By choosing the right loan program, you can choose how much of your payment is going toward your principal rather than letting ...

Reverse mortgages are down but not out. Are they for you?
Do you know someone who's considered a reverse mortgage? IT'S ONLY MONEY wants to know...

How To Decide If A Reverse Mortgage Is For You
Increasing their monthly income or decreasing their monthly expenditures are quite a challenge for most seniors, which is why they can't retire at an age they want and enjoy their...

New Reverse Mortgage Product Coming in October says HUD - Reverse Mortgage Daily
During a conference call with industry leaders on Thursday, the Department of Housing and Urban Development said it hopes to roll out a new reverse mortgage product on Oct. 4, 2010. The new EURHECM Saver ...

First Look: Brand New Foreclosure Numbers Reverse MBA Survey's Bright Spots
As long as we think housing is still in deep trouble, nobody's going to make a move...

Reverse mortgages worth a thought
WITHOUT the backing of compulsory superannuation contributions, many may consider a reverse mortgage as a source of additional retirement income...

Yields of Mortgage REITs Rise After Sector Heavyweights Tumble
Its been a rough month for the Mortgage Investments stock sector, but larger components which are typically less susceptible to rapid selloffs, have also been hit by the most recent downturn, with many high-yield names underperforming the segment and the overall market...

Yields of Mortgage REITs Rise After Sector Heavyweights Tumble - Yahoo Finance
Its been a rough month for the Mortgage Investments stock sector, but larger components which are typically less susceptible to rapid selloffs, have also been hit by the most recent downturn, with many high-yield names ...

Red Bank mortgage-settlement agent admits money laundering, $3.8M theft
RED BANK A title and mortgage-settlement agent who had turned himself in pleaded guilty today to money laundering and theft by failing to pay off $3.8 million in refinanced mortgages. Ronald P. Mas, Jr., 35, sole owner of Olde...

Reverse Mortgage EUR What is a Reverse Mortgage & How Can I Use .
by TheTruthAbout. Reverse Mortgage - What is a Reverse Mortgage & How Can I Use Reverse Mortgage Leads to Boost My Business? Across the...

Money Matters: How a reverse mortgage can help or harm an older homeowner
Homeowners over age 62 who are having a hard time paying monthly bills may rely on reverse mortgages to stay in their homes. Money Matters reporter Tara Lynn Wagner filed the following report...

Suze Orman has nothing to do with reverse mortgage marketer - Oregonian
View full size Oregon Department of Justice State regulators say mailings like this from EquiPoint Financial Services ran afoul of its marketing rules for mortgages. Popular financial advice author Suze Orman ...

Suze Orman wants reverse mortgage firm to stop using her photo
The popular personal finance author was not aware that EquiPoint Financial Network used her image in mailings to Oregonians, her attorney says...

New Low Cost Reverse Mortgage Product Coming in October says HUD
During a conference call with industry leaders on Thursday, the Department of Housing and Urban Development said it hopes to roll out a new reverse mortgage product on Oct. 4, 2010. The new "HECM Saver" will be a low cost reverse ...



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