Read the latest developments in the reverse
mortgage industry that may effect your own
decision.
| January 16, 2007 |
washingtonpost.com
House Votes to Lift Reverse Mortgage Cap for FHA
WASHINGTON (Reuters) - The U.S. House of Representatives voted Tuesday to waive a cap on the number of reverse mortgages
that a federal housing agency may insure for older Americans who want to turn their home equity into cash...
|
| January 2007 |
Bankrate.com
Pros and Cons of Reverse Mortgages
Although the public has been generally hesitant to embrace them, their
popularity continues to climb...
|
| 8/16/06 |
Mortgage101.com
House Passes National Reverse Mortgage Loan Limit
Last month the U.S. House of Representatives took a giant step
towards eliminating the geographical barrier by passing the Expanding American Homeownership
Act of 2006 (H.R. 5121)...
|
| 7/7/06 |
BankNet 360
Financial Freedom Expands Jumbo Reverse Mortgage Offering
...Financial Freedom, a unit of IndyMac Bancorp,
is expanding its jumbo reverse mortgage offering so it can originate
loans with higher loan limits...
|
| 6/29/06 |
U.S. News & World Report
Reverse Mortgages: Are they for you?
...For seniors with little cash
and lots of value socked away in their home, the
reverse mortgage is rapidly gaining popularity
as a way to raise money without having to
move...
|
| June 2006 |
Center for Research
Retirement at Boston College
A New
National Retirement Risk Index
...Almost 45 percent of working-age households
are "at risk" of being unable to maintain their pre-retirement
standard of living in retirement...
|
| 6/6/06 |
St. Petersburg Times
- United States
Ready for
Retirment? Likely not, study says
... More than 40 percent of working-age households face a lifestyle shock,
researchers say...
|
| 5/15/06 |
Chicago
Sun-Times - United States
Reverse
mortgage has no downside for seniors
... Using a
"reverse mortgage," they
can now create a tax-free monthly
"pension" check that will
last as long as they live in their
home ...
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