Archive for July, 2010

Reverse Mortgages Aren’t Catching On

Friday, July 30th, 2010 Posted in Reverse Mortgage Info | No Comments »

The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer ... Read more..

BofA Merrill To Sell $92 Mln Reverse Mortgage RMBS

Thursday, July 29th, 2010 Posted in Reverse Mortgage Info | No Comments »

Bank of America Merrill Lynch plans to sell a $92 million bond backed by troubled reverse mortgages insured by the federal government, according to a term sheet obtained by Reuters. The ... Read more..

Should I Apply For A Reverse Mortgage?

Monday, July 26th, 2010 Posted in Reverse Mortgage Info | No Comments »

Senior homeowners frustrated by a drop in their retirement investment income may want to consider a reverse mortgage. The amount of money available for a reverse mortgage (senior homeowners age 62 and older ... Read more..

ConsumerMan: Beware Of Reverse Mortgages

Friday, July 23rd, 2010 Posted in Reverse Mortgage Info | No Comments »

Many of the bad guys from the subprime disaster are now targeting seniors “Isn’t it time you started to enjoy retirement your way?” asks actor Henry Winkler in the television commercial ... Read more..

Wells, Bank Of America Go ‘Reverse’ Route

Wednesday, July 21st, 2010 Posted in Reverse Mortgage Info | No Comments »

As 79 million Baby Boomers march toward retirement, Wells Fargo, Bank of America and MetLife are there to offer reverse mortgages. The three companies account for 52% of the retail and ... Read more..




OK!