Foreclosure filings were reported on 2. 3 million U. S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U. S. Foreclosure Market Report released January 15, 2009. The soaring number of forclosures have sent ripples through the housing and banking industry with the affects [...]
Posts Tagged ‘Hecm’
Forclosures Have Met Their Match… Reverse Mortgages
Posted by admin on December 11th, 2009
Posted in Articles 
Tags: Banking Industry, California Properties, Doom And Gloom, Equity Conversion Mortgage, Florida Foreclosure, Forclosure, Forclosures, Foreclosure Market, Glimmer Of Hope, Hecm, Home Equity Conversion, Home Equity Conversion Mortgage, Housing Market, Labor Department, Match…, Mortgage Delinquencies, Mortgages, Realtytrac, Reverse, Reverse Mortgage, Reverse Mortgages, Ripples, Texas Georgia, Their, Unemployment Rate 
No Comments »Myths, Pros and Cons of Hecm Reverse Mortgages
Posted by admin on December 9th, 2009
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted in unfavorable feelings towards today’s reverse mortgages. The Federal Housing [...]
Posted in Articles Tags: Borrowers, Cons, Equity Position, Federal Housing Administration, Feelings, FHA, Hecm, lenders, Loan Amounts, Medicare, Medicare Benefits, Money, Mortgage Loans, Mortgage Tax, Mortgages, Myths, Pros, Pros And Cons, Reverse, Reverse Mortgage, Reverse Mortgages, Seniors, Social Security, Upfront Payment, Variable Rate No Comments »