HECM reverse mortgage fees and closing costs offer loan limits that are capped to ensure that borrowers are not charged higher than average closing expenses. HECM Reverse Mortgage Closing Costs HECM reverse mortgage agreements are insured by the federal government. The fees and charges associated with this type of…

An HECM reverse mortgage does not have a seasoning requirement for senior homeowners. Qualifying conditions entail meeting criteria of the home’s equity. HECM Seasoning Requirement A Home Equity Conversion Loan, or HECM, does not have a rigid seasoning requirement. Seasoning is a term that means the length of time…

Revised FHA guidelines hopefully will limit risky reverse mortgage buying. People need to learn about mortgages before they agree to you. The truth is that you can even begin to pay off a HECM reverse mortgage with a business loan if you want to. A lot of people seem…

The previous post was the weekly summary and a look ahead … On Greece, from the Financial Times: Greek aid depends on budget cut plans Greece has been told to produce detailed plans this week to meet its budget deficit reduction targets in 2011 and 2012, as well as this…

From Reuters: Germany, France signal hard line with Greece (ht Jonathan) German Finance Minister Wolfgang Schaeuble warned Greece that a tough restructuring of its economy was “unavoidable and an absolute prerequisite” if Berlin and the EU were to approve the aid Greece has requested. “The fact that neither the EU…

From the Daily Show … Wham-O Moves to America The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Wham-O Moves to America www.thedailyshow.com Daily Show Full Episodes
Read more here – U.S. Trade: Wham-O Moves back to America

From Martha Dreyer Duperray at Caribbean Business: Frank Stipes out as Westernbank chief Westernbank President and CFO Frank Stipes … resigned [on Friday] … sources told caribbeanbusinesspr.com that agreement has been reached by the troubled bank to sell several branches to Banco Popular … From the Unofficial Problem Bank List…

This post goes out to all of the readers who are about to graduate from college (and from high school, for that matter) and are wondering what comes next (hopefully, you already know and have a plan for it, but if you do, you’re in the minority). A few…

An update from David Kestenbaum at Planet Money on their toxic asset: Toxie Update: Our Latest Check Arrives. Oh No. As you know, we purchased our own toxic asset so we could watch it die. And she, Toxie , is dying. We just got our latest monthly check, and it’s…

Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, two years ago this week, and three years ago…