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 ‘Home Equity Conversion’
Forclosures Have Met Their Match… Reverse Mortgages
Posted by admin on December 11th, 2009
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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 »Understanding Reverse Mortgages
Posted by admin on December 10th, 2009
Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist. Even those who have heard about Reverse Mortgages may be unsure about [...]
Posted in Articles Tags: Debt Obligations, FHA, Financial Institution, Financial Uncertainty, Home Equity Conversion, Home Equity Loan, Home Value, Incomes, Liquid Resources, Medical Expenses, Medicare, Medicare Benefits, Mortgages, Program Beneficiaries, Proprietary Products, Reverse, Reverse Mortgages, Second Mortgage, Seniors, Social Security, Supplemental Security Income, Understanding, What Is A Reverse Mortgage No Comments »