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Category Archives: Reverse mortgage
California enacts reverse mortgage insurance law
The recently enacted reverse mortgage insurance law will go into effect in 2012, and will require insurance written on reverse mortgage originations to be arm-length transactions. Continue reading
Retire in style and affordability
Reverse mortgages, where the borrower is paid by the lender, may be a smart option for people looking to retire. Continue reading
Proposed Texas bill would allow 15-year repayment period
Recently, a bill was proposed to the Texas House of Representatives that pertains to the repayment period involved with reverse mortgages. Continue reading
Lenders could change reverse mortgage strategies amid pay rules
The Federal Reserve’s new loan officer compensation rules are expected to take effect as scheduled this Friday, and a report says mortgage lenders may have to reconsider the way they approach fixed-rate reverse mortgages as a result. Continue reading
Mortgage applications bounce back
After a slight drop the week before, demand for mortgage applications shot back during the week ending March 18. Continue reading
Demand for reverse mortgages increasing
A new report showed demand for reverse mortgages climbed during the final three months of 2010, showing the impact of a new Federal Housing Administration product. Continue reading
Reverse mortgages centralized in Texas, California
More homeowners in Texas are tapping into their home’s equity via reverse mortgages, pushing the state past Florida for the second-most reverse mortgages nationwide. Continue reading
Experts: Reverse mortgage a good idea in tough spot
With figures showing that more seniors are seeking reverse mortgages, experts caution that homeowners utilize the financial tool wisely. Continue reading
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