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- How to Know If a Reverse Mortgage Is Right for You
- If you're of the right age, short on cash, and sitting on hundreds of thousands of dollars in home equity, reverse mortgages can be a sweet deal. But these loans aren't sure things. Here's how to know if a reverse mortgage is right for you. ...
- Articles 2009-06-02
Additional Resources
- Reverse mortgages surge 73 percent in N.Y. in 2006
- SYRACUSE - Rising home values and increased awareness sparked major growth in reverse mortgages in 2006. Area lenders say the trend is likely to continue. For the federal fiscal year ended Sept. 30, the Federal Housing Administration insured 76,351 reverse mortgages, compared to 43,131 the prior year - a 77-percent...
- Research articles 2007-01-26
- New player in reverse mortgages - Royal Bank of Canada
- Royal Bank will add reverse mortgages to its product line in Ontario and B.C. A reverse mortgage allows seniors to draw money against the equity in their homes. Using the collateral from the house, payments are received in installments or in a lump sum. Once the resident dies and the...
- Research articles 1998-02-01
- Reverse mortgages on radar.
- Jun 16, 2005 (The Mercury - ABIX via COMTEX) Reverse mortgages are expected to become more popular in Australia as a result of an ageing population and inadequate retirement savings.A reverse mortgage involves a homeowner borrowing money based on the equity in their...
- Research articles 2005-06-16
- Linking Reverse Mortgages and Long-Term Care Insurance
- As the retirement of the baby boom generation approaches, policy makers are considering ways to better prepare seniors for their retirement and long-term care needs. This paper reveals about the idea that has received recent attention is linking reverse mortgages to the purchase of private long-term care insurance. Regulations to...
- White papers 2004-03-18
- Senate bill would end ceiling on insured reverse mortgages.(Housing)
- New legislation from Sen. Rick Santorum (RPa.) would remove the ceiling on the number of reverse mortgages eligible for insurance by the Federal Housing Administration. New legislation from Sen. Rick Santorum (RPa.) would remove the ceiling on the number of reverse mortgages eligible...
- Research articles 2005-09-30
- Action called on reverse mortgages.
- May 12, 2006 (Financial Planning - ABIX via COMTEX) -- The Australian Consumers' Association ACA has warned consumers about the risks associated with reverse mortgages. Nick Coates, of the ACA, said the Australian Government should intervene to en May 12, 2006 (Financial Planning - ABIX...
- Research articles 2006-05-12
- House members plan new campaign to focus on reverse mortgages.(Housing)
- A month after Congress increased the limit on insured reverse mortgages, nine members of the House of Representatives want to end all ceilings on the number of these senior-targeted loans. Rep. Michael Fitzpatrick (R-Pa.) has introduced legislation to remove limits on the number...
- Research articles 2005-07-01
- Fitch: More U.S. RMBS Servicers Fast-Forwarding To Reverse Mortgages
- NEW YORK -- With more U.S. RMBS originators securitizing reverse mortgages, the typical processes of many RMBS servicers simply do not apply or must be dramatically adjusted in order to move forward with successfully servicing this increasingly more visible niche product, according to a criteria report by Fitch Ratings. ...
- Research articles 2006-09-26
- ServiceLink Offers Special Services for Reverse Mortgages
- Program Helps Non-Traditional Borrowers PITTSBURGH -- ServiceLink, a leading provider of origination and default services and the national mortgage services platform of Fidelity National Financial (NYSE:FNF), has enhanced its title and settlement solution for reverse mortgage transactions. Understanding that reverse mortgages differ from standard refinance transactions, ServiceLink offers...
- Research articles 2008-08-19
- Regulation of reverse mortgages.
- Byline: Chris Wright Dec 14, 2005 (Asset - ABIX via COMTEX) -- There is more scrutiny of reverse mortgage products in Australia. With a reverse mortgage, the owner of the house gives...
- Research articles 2005-12-14
- Reverse mortgages called last resort
- NEW YORK -- The Financial Industry Regulatory Authority this month urged senior citizens to carefully weigh their options before using reverse mortgages to tap their home equity for additional retirement income. The group, formed by a merger of the NASD and some regulatory functions of NYSE Group Inc.,...
- Research articles 2008-03-26
- A Guide to Understanding Reverse Mortgages
- This publication provides detailed information about two reverse mortgage options. Reverse mortgages enable eligible homeowners to access the money they have built up as equity in their homes. They are primarily designed to strengthen seniors' personal and financial independence by providing funds without a monthly payment burden during their lifetime...
- White papers 2003-01-01
- FINRA Warns Senior Investors About Reversing Fortunes With Reverse Mortgages
- WASHINGTON -- The Financial Industry Regulatory Authority FINRA issued an Investor Alert today urging homeowners over the age of 60 to carefully weigh all of their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years. A reverse mortgage is an...
- Research articles 2008-03-13
- More Seniors Find Financial Security with Allied Home Mortgage; Company Listed as Top Originator of Reverse Mortgages in FY 2002
- Business Editors HOUSTON--BUSINESS WIRE--Oct. 31, 2002 A rising number of senior citizens found financial security in fiscal year 2002 with help from Allied Home Mortgage Capital Corporation. The company was recently listed as a top originator of FHA Home Equity Conversion Mortgages HECMs, or "reverse mortgages," in figures...
- Research articles 2002-10-31
- Transamerica HomeFirst Offers Seniors in Maryland, Virginia, and the District of Columbia Two Types of Reverse Mortgages
- SAN FRANCISCO--BUSINESS WIRE--Aug. 29, 1995--Transamerica HomeFirst today introduced two types of reverse mortgages that will allow seniors in Maryland, Virginia, and the District of Columbia to unlock more of the equity in their homes.
- Research articles 1995-08-29
- Transamerica HomeFirst offers Illinois seniors two types of reverse mortgages
- SAN FRANCISCO--BUSINESS WIRE--June 14, 1995--Transamerica HomeFirst today introduced two types of reverse mortgages that will allow Illinois seniors to unlock more of the equity in their homes.
- Research articles 1995-06-14
- Transamerica HomeFirst offers Florida seniors two types of reverse mortgages
- SAN FRANCISCO--BUSINESS WIRE--March 15, 1995--Transamerica HomeFirst Monday introduced two types of reverse mortgages that allow Florida seniors to unlock more equity in their homes.
- Research articles 1995-03-15
- Transamerica HomeFirst offers Washington seniors two new types of reverse mortgages
- SAN FRANCISCO--BUSINESS WIRE--April 18, 1995--Transamerica HomeFirst today introduced two types of reverse mortgages that allow Washington seniors to unlock more equity in their homes.
- Research articles 1995-04-18
- Congressman Fox and Fannie Mae to sponsor free seminar on reverse mortgages; help seniors turn home equity into cash
- LANSDALE, Pa.--BUSINESS WIRE--July 1, 1997--Fannie Mae (NYSE:FNM), the nation's largest source of home mortgage funds, U.S. Representative Jon D. Fox (R-PA), GMAC Mortgage, and Phoenix Mortgage have teamed up to offer a free seminar on reverse mortgages on Tuesday, July 1.
- Research articles 1997-07-01
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