Archive for the 'Reverse Mortgage Info' Category
Trouble Reverse?
With the housing boom gone bust, lenders are now peddling reverse mortgages to cash-hungry boomers who don’t want to sell in the storm.
Deal-hungry mortgage lenders are targeting aging baby boomers to fuel a spike in reverse mortgages that topped all of 2007’s deals in just the first fou…
How the housing slump can affect reverse mortgages
Question: What does the housing slump mean for all of those seniors who took out reverse mortgages? And what does it mean for their heirs? My mother is 78 and fortunately has not had to go down that path (yet). But many of her friends have. I just haven’t seen anything on any adverse effects a…
Reverse mortgage scrutiny [Australia]
The Federal Government is moving to introduce stricter regulation of reverse mortgages, an increasingly popular financial product marketed to older homeowners, considering of fears that folks could be exploited.
Announcing plans for national regulation of a range of financial services, the Minister …
Squeezed older homeowners seek reverse mortgages to pay loans
Pressured by a faltering economy and often burdened by loans they took out during the housing boom, more Sacramento-area homeowners are looking to reverse mortgages for an escape route. But many are finding the road blocked by the falling values of their homes.
“A lot of them aren’t qual…
Shift to Reverse
As the population ages, financial planning is moving from the age of accumulation into the dawn of distribution. Planners explore the nuances of how to tap a portfolio in retirement. Insurance companies promote the virtues of instant annuities as a way to lock in lifelong cash flow.
Insurers are now…
Risk Management In Untested Waters: Many See Reverse Mortgages As The Next Big Loan Product
With America’s 78 million baby boomers just around the corner from retirement, the reverse-mortgage market is poised for explosive growth. But so is the market for risk management, considering risk–particularly in the anatomy of fraud–always “chases the money.” [??] con…
Get the Facts Before Choosing Reverse Mortgages
With all the news about the housing crises, loan defaults and home foreclosures, borrowers are definitely becoming aware of the pitfalls of overextending themselves. I’m continuously receiving questions about the best way to approach a mortgage and how handling debt, particularly mortgage debt…