Reverse Mortgage

Latest News

• IndyMac Bank Seized by Federal Regulators
  The WSJ reports that on Friday IndyMac bank was seized by Federal Regulators, and will re-open Monday being operated by the FDIC. The company was set up as part of Countrywide in 1985, but was spun off as an independent company in 1997. Last year IndyMac was the 9th largest US mortgage lender. The company focused on [...]
• 3 More Reverse Mortgage Alternatives
  The number of reverse mortgages originated from January to April increased from 37,020 to 40,068 year over year. But given the recent deflation of the housing bubble, many seniors do not like the idea of selling their home or getting a reverse mortgage based on current home prices. Some seniors and lenders are finding creative alternative ways to pay for rising healthcare [...]
• Alternatives to Obtaining a Reverse Mortgage
  A reader asked us “I am not sure if a reverse mortgage is right for me, what are some alternative options?” Before getting a reverse mortgage, consider the following… how much will your home be valued at? if the local real estate market is currently depressed you might be selling your home for a fraction of its [...]
• What Kinds of Reverse Mortgage Plans Are There?
  There are primarily 3 types of reverse mortgages single-purpose reverse mortgages - generally provided by state and local government agencies, and some non-profit organizations federally-insured reverse mortgages- also known as Home Equity Conversion Mortgages (HECMs), these loans are backed by the US Department of Housing and Urban Development (HUD) proprietary reverse mortgage loans - private loans backed by the companies [...]
• Reverse Mortgage Payment Structure
  Reverse mortgage loans offer borrowers an array of options for receiving cash. Monthly payments (either for a fixed number of months or for as long as you live). A lump sum cash payment. A line of credit where the borrower decides how much cash they need and when they want to use it Any combination of the above While living [...]

Website: http://www.reversemortgage.net/
Date Submitted: 24-Jul-2008