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    • Reverse Mortgage News:
    Bank of America to Unload $92 Million of HECMs in Private MBS
    Bank of America Merrill Lynch is looking to sell a $92 million bond backed by "troubled" reverse mortgages backed by the Federal Housing Administration according to Reuters. The bond includes 760 HECMs with borrowers are all in distress ...


    Is reverse mortgage for them?
    Dear Bruce: We are an elderly couple in our late 60s. My husband is diabetic, and our insurance does not cover much of his medication, which is very costly. To afford his medicine, he wants to take out a reverse mortgage. He is telling me that if he dies, I would be able to stay in our home until I die or want to sell. The home would require upkeep that I am not able to do. I do not think this ...


    Reverse Mortgage Loans For Homeowners In Need Of CashEURHow Are Senior . - Red, White, and Blue Press (blog)

    New York Daily News
    Reverse Mortgage Loans For Homeowners In Need Of CashEURHow Are Senior .
    Red, White, and Blue Press (blog)
    Many senior homeowners use funds from a reverse mortgage for a variety of financial obligations or personal reasons. .
    A cash-in refinance can cut mortgage costsMarketWatch

    all 121 news articles »
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    New Reverse Mortgage Limits Help More Seniors Stay in Their Homes .
    By Tom KellyWhile job cuts and dwindling investment accounts continue to plague wage-earning households, many seniors wonder how long their once-healthy retirement funds will provide them with the cash needed for their leisure years...


    The Reverse Mortgage is Meeting the Needs of Seniors in a Big Way .
    by Steve Rhodes The Reverse Mortgage is Meeting the Needs of Seniors in a Big Way In most cases the senior is looking places to find money to...


    Business Wire - Hughes Watters Askanase Attorneys and Staff to Speak in July and August at Real Estate Law and Bankruptcy Conferences and Workshops
    June 28, 2010 -- Hughes Watters Askanase partner Lindsay Lambert, Of Counsel Attorney Janet Northrup, and Senior Paralegal Turea Simpson will speak at two Texas...


    HUD Study to Assess Consumer Protection Gaps for Reverse Mortgages - Reverse Mortgage Daily

    Apartment Finance Today
    HUD Study to Assess Consumer Protection Gaps for Reverse Mortgages
    Reverse Mortgage Daily
    The Department of Housing and Urban Development is soliciting public comments on a proposal to conduct a reverse mortgage study to determine the extent in .
    HUD Makes $79M Available In Housing Counseling GrantsMortgageorb
    Senate Appropriators Include HECM Subsidy in HUD BudgetReverse Mortgage Daily
    HUD Offers $79 Million in Grants for Housing CounselingReverse Mortgage Daily

    all 39 news articles »
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    Free Reverse Mortgage Counseling
    The US Department of Housing and Urban Development (HUD) announced today that $79 million (seventy-nine million dollars) will be made available for a broad range of housing counseling including how to qualify for a reverse mortgage...


    Bill to Extend Borrower Redemption, Tenant Rights Goes to Mass. Governor - Housing Wire

    MassLive.com
    Bill to Extend Borrower Redemption, Tenant Rights Goes to Mass. Governor
    Housing Wire
    The home equity conversion mortgage (HECM) product is the most popular form of reverse mortgage and is backed by the Federal Housing Administration (FHA). .
    Bill to shield Mass. renters, elders on gov's deskBusinessWeek
    Homeowners, renters may get more helpBoston Globe

    all 19 news articles »
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    BofA Merrill to sell $92 mln reverse mortgage RMBS - Reuters

    BofA Merrill to sell $92 mln reverse mortgage RMBS
    Reuters
    NEW YORK July 28 (Reuters) - Bank of America Merrill Lynch plans to sell a $92 million bond backed by troubled reverse mortgages insured by the federal .

    and more »
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    Herald, The; Glasgow (UK) - Mortgage lending rally could be short-lived
    July 13, 2010 -- MORTGAGE lending returned to an upward trend in May but experts predicted that the improvement would come to an end later this year....


    Scotsman (Edinburgh, Scotland), The - Money Morsels: Low interest rates make buying cheaper
    July 24, 2010 -- Byline: NO BYLINE BUYING a home is cheaper than renting in almost three quarters of the UK's biggest towns and cities, it has been...


    Pros and Cons of Reverse Mortgages
    What I haven't seen EUR and would henceforth like to offer here EUR is a feature that combines both the pros and cons, such that potential borrowers can clearly see the real calculus that underlies the decision to obtain a reverse mortgage. ...


    Two New Reverse Mortgage Counselors in the Triangle - PR.com (press release)

    Two New Reverse Mortgage Counselors in the Triangle
    PR.com (press release)
    The Homeownership Center recently received re-certification from Housing and Urban Development to provide reverse mortgage counseling services. .

    and more »
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    U.S. Newswire - Pennsylvania Departments of Banking, Aging Announce New Policy on
    July 20, 2010 -- HARRISBURG, Pa., July 20 /PRNewswire-USNewswire/ -- Secretary of Banking Steve Kaplan and Secretary of Aging John Michael Hall today...


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