Archive for June, 2010

Reverse mortgages now a less-costly lifeline

Wednesday, June 30th, 2010 Posted in Reverse Mortgage Info | No Comments »

As fees drop, some people tap reverse mortgages as a way to keep their homes Upfront fees on reverse mortgages have fallen substantially in recent months, giving homeowners interested in this ... Read more..

FHA To Make Reverse Mortgage Less Forgiving For Seniors Late On Taxes

Wednesday, June 23rd, 2010 Posted in Reverse Mortgage Info | No Comments »

Although the Federal Housing Administration, which runs the dominant reverse-mortgage program, often has been lenient and forgiving in the past about tax and insurance delinquencies by seniors, the agency is ... Read more..

Potential Victims Of Reverse Mortgage Scams Have Ally In HUD

Tuesday, June 15th, 2010 Posted in Reverse Mortgage Info | No Comments »

According to the Federal Housing Administration (FHA),”With a traditional second mortgage, or a home equity line of credit, homeowners must have sufficient income versus debt ratio to qualify for the ... Read more..

Proprietary Reverse Mortgage Product Returns To Market For High Valued Homes

Thursday, June 10th, 2010 Posted in Reverse Mortgage Info | No Comments »

Since the credit crunch of 2008-2009, almost all lenders in the reverse mortgage market stopped originating proprietary reverse mortgages on until now.  Last week, Generation Mortgage Company announced the release of ... Read more..

Millions Of Luxury Homeowners Gambling With Their Jumbo Loan

Thursday, June 3rd, 2010 Posted in fixed jumbo mortgage, jumbo loan, LIBOR | No Comments »

Ten's of millions of luxury homeowners have adjusted from an ARM with a fixed rate period into a fully adjustable jumbo loan. Following the large drop in LIBOR rates since ... Read more..



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