According to the recent guidelines of U.S. Department of Housing and Urban Development , Premier Reverse Closings have now made changes in its condominium project guidelines. They have declared that they would take transactions for constructed properties such as manufactured … Read More

Avoid the company that uses this toll free number… 1-800-819-6544 This is a scam and receives a bad review. This group will send you faxes daily talking about all kind of leads including Reverse Mortgage, Loan Modification, and regular mortgage … Read More

In Alcoa, Tennessee a 71 year old woman was able to save her home from foreclosure and auction with a reverse mortgage loan. The original home mortgage loan was secured from Wells Fargo. The bank had to first write off … Read More

There is no doubt that the Reverse Mortgage Industry is booming and many mortgage bankers and brokers alike are making their living off of the reverse mortgage market rather than the traditional forward mortgage that created so much wealth for … Read More

Shaun Donovan The Wall Street Journal reported last Friday that HUD Secretary Shaun Donovan stated in front of a Congressional hearing on Thursday that the Government could raise insurance premiums to on Reverse Mortgages to offset the nearly $800 Million … Read More

It’s amazing how facts can get twisted and actually be made to present arguments for two opposing sides.  I recently ran across and article dealing with Reverse Mortgages and the author used all the facts, and yet painted a valid … Read More

Have you ever heard something that was almost too good to be true?   Most of us have, and as the saying goes, “if it sounds to good to be true; it usually is.”    Unfortunately there seems to be … Read More

In order to support competition in the Australian mortgage market, late last year the federal government introduced $8 billion of funding for non-bank lenders and small banks under a scheme known as “RMBS”. This  scheme is designed to assist lenders who … Read More

John Dugan, who heads the Office of the Comptroller of the Currency and is a top U.S. Bank regulator, supervising some of the nations largest banks, said that Reverse Mortgages could be the next subprime market.   Reverse mortgages are … Read More

Many states including California have passed new legislation regarding Reverse Mortgages that allow seniors 62 and older to purchase a new home using a reverse mortgage to cover the balance of the transaction.   This opens up many options for … Read More