Reverse Mortgage

Paul R. “Tripp” Massengill III and Amy M. Hamrick have joined SGM
Charleston Post & Courier - David Heilman and Al Molony have joined reverse-mortgage lender Franklin Funding . Heilman is business development specialist. Previously, he worked in health care. He is a graduate of Winthrop University and attended graduate school at Southern Wesleyan

Harry Gross | When it’s time to give up on a car
Philadelphia Daily News - We were approached by our current mortgage company ($12,000 left) to consider a reverse mortgage. They offered an additional $165,000 with no payment until we sell or die. We have no heirs except for distant cousins. Our wills leave everything to a

Police shut metal-recycling yard, arrest co-owner
Seattle Post Intelligencer - Seattle police shut down a metal-recycling yard Tuesday after an undercover investigation showed the owners were For national teacher of the year, award is a family affair Bank of America to acquire Seattle Mortgage Co. reverse-mortgage unit

Reverse mortgages are not for everyone
Winston-Salem Journal - WASHINGTON SDHp- Before getting a reverse mortgage, Frances Tolson s financial life was a struggle. Tolson, 64, receives Social Security and works two nights a week as a rehabilitation counselor for the mentally ill, but her income wasn t

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Reverse mortgage market gains steam in North Bay
North Bay Business Journal - WINDSOR Though the reverse mortgage is still in its infancy, the market in the North Bay is set to pick up as baby boomers reach the eligibility age of 62. Reverse Mortgage Advantage Inc., a loan correspondent and brokerage, recently moved to a

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Debt-Management Tips For Seniors
News4Jax.com - For some, a better option is a reverse mortgage. With reverse mortgages, home equity is converted into cash, which is received on a monthly basis, in a one-time lump-sum payment or as a credit line to use whenever needed. The appeal is that, unlike

The Changing Reality Of Retirement
Best Syndication - The index shows that even if people retire at age 65, tap into a reverse mortgage, and receive annual distributions from their wealth, 43 percent will be at risk of being unable to maintain their pre-retirement standard of living in retirement. The

MDMC Ends Year of Explosive Growth SUSSEX — MDMC, a mortgage loan
dBusinessNews.com - MDMC reviews a variety of newly originated mortgage loans and seasoned bank portfolios, including prime, alt-a, subprime, home equity and reverse mortgage loans The past year was very significant for MDMC in terms of our growth in both revenue and

Daily Planner: Wednesday
Chico Enterprise-Record - REVERSE MORTGAGE PRESENTATION: 10 a.m. Paradise Senior Center, 877 Nunneley Road, Paradise. Educational presentation by Walt Turner. Free. 893-5150 or toll free 1-877-893-5150. Third Wednesday. CANCER DRESSING STATION: 10 a.m.-2 p.m. Sponsored by

More liquidity
Daily Independent - Published: March 05, 2007 10:15 am More liquidity Increasing number of seniors consider reverse mortgage By CHRISTINE DUNN / SHNS BRISTOL, R.I. In 1964, Alexander Paiva paid $18,500 for his ranch-style house in

Eric Kinney, President
PRWeb - Put the Gold Back in Your Retirement with a Reverse Mortgage The reverse mortgage is a new financial tool that is gaining popularity among seniors (age 62+). It enables them to convert the equity in their homes into tax-free income to use as they

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House of Cards
Washington Post - Hamilton also writes about mortgages this week when she reminds people about the pros and cons of a reverse home mortgage in ” A Timely Turnaround With a Reverse Mortgage “(Mar. 18). Tax Time Still haven’t finished your tax return? Not to worry, read ”

Indymac Provides Update
Forbes - Financial Freedom, our reverse mortgage subsidiary, has been a notable success for Indymac since its acquisition in 2004. This entity has been the clear market leader in reverse mortgages with over a 50 percent market share, and, until recently

Latest News
dBusinessNews.com - Reverse Mortgage of America Introduces Reverse Mortgage Checking Reverse Mortgage of America Offers QuickChecksSM Credit Line Checking Seattle - SEATTLE — Senior borrowers can now gain quick and convenient access to their reverse mortgage funds

This week’s contents
Houston Business Journal - Camden Property gets in on Austin’s residential push [Wednesday] Houston Texans 2007 schedule includes key matchups [Wednesday] Reverse Mortgage Solutions opens in Spring [Wednesday] CenterPoint Energy joins with IBM to create emerging type of network

More liquidity
Daily Independent - Published: March 05, 2007 10:15 am More liquidity Increasing number of seniors consider reverse mortgage By CHRISTINE DUNN / SHNS BRISTOL, R.I. In 1964, Alexander Paiva paid $18,500 for his ranch-style house in

Baby boomers driving reverse mortgage boom
Australian Broadcasting Corp. - The retirement of the baby-boom generation is believed to be behind a big surge in the number of Australians using reverse mortgages to unlock equity in their home. A reverse mortgage is available to home owners whose mortgage is paid in full and

Latest News
dBusinessNews.com - Using a reverse mortgage to avoid foreclosure. DATELINE: BRAINTREE, MA The staggering rise in foreclosures nationwide has Converted Organics Inc. Strengthens Management Team with New Board Appointments and Promotions BOSTON — Converted

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ERNST PETERS/THE LEDGER
Ledger - To save her home she’s attempting to qualify for a reverse mortgage to gain income from the equity. She said it’s tough, going it alone, after relying on the men in her life to attend to such details. In her youth she attended a business college but

You’re saving ‘too much’ for retirement!
Marketwatch - And remember, savvy families also quietly build wealth in home equity. Pay off the mortgage, live debt-free. Downsize. Maybe cut costs moving to a cheaper region. Go for a reverse mortgage. Be creative. Add up these pieces of income and you’ll see

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IMF projects India’s growth at 8.4 per cent
Daily Pioneer - The International Monetary Fund has projected an 8.4 per cent growth rate for the Indian economy during 2007. Although this marks an upward revision from the 7.3 per cent forecast made last September, the IMF expects an overall moderation in growth

Annie Jennings
PRWeb - You do not need any permission to link to any of the pages on this site. Limited copyright is granted for you to use and/or republish any of the press releases on this site for any legitimate media purpose as long as you reference PRWeb as the source

Online Press Release
PRWeb - Value Financial Launches New Fixed Rate Reverse Mortgage Program in Florida Value Financial Mortgage Services, Inc., a Florida based Reverse Mortgage Lender, announced today that it has launched its new FIXED RATE REVERSE MORTGAGE program, with a

Online Press Release
PRWeb - The recognized leader in online news and press release distribution service for small and medium-sized businesses and corporate communications. PRWeb pioneered Free Press Release Distribution and continues to set the standard for online news

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Internet Forum Addresses Complex Elder Care Questions 
[Press Release] PRWeb via Yahoo! News - Apr 05 12:01 AM
Internet site launches forum, moderated by experienced health care professionals, to better assist families facing complex elder care questions.Save

EverBank buys out BNY mortgage company 
The Business Journal of Jacksonville - Mar 26 11:51 AM
The third largest bank in Northeast Florida will purchase interests for The Bank of New York’s mortgage company.Save

Real estate briefs 
Greenwich Time - Mar 30 8:14 AM
The Weichert Family of Cos. last year held its 28th annual toy drive, collecting more than 37,500 toys, 12 percent more than in the preceding year.Save
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Visalia wins a WinCo 
The Fresno Bee - Mar 19 5:38 AM
Visalia’s first WinCo Foods opens at 9 a.m. today.Save

The debate over unaffordable loans 
Seattle Times - Mar 31 12:18 AM
Consumer groups believe lenders should be held liable if they allow borrowers to take home mortgages that aren’t suitable for them. The first two articles…Save

LOCAL BUSINESS BRIEFS 
Asbury Park Press - Apr 01 1:39 AM
Darren C. Barreiro of Colts Neck and Steven Nudelman of Tinton Falls have been named partners in the law firm of Greenbaum, Rowe, Smith & Davis in Woodbridge.Save

1. Eliminate monthly mortgage payment 2. Receive extra monthly income 3. Eliminate 
Landmark - Apr 04 1:16 PM
1. Eliminate monthly mortgage payment 2. Receive extra monthly income 3. Eliminate credit card debt 4. Receive a cash lump sum or line of credit 5. Enjoy life a bit more Five ways a Reverse Mortgage can improve your quality of life Just published: The Reverse Mortgage Handbook.Save

People on the move 
Denver Post - Mar 30 12:23 AM
CIBER INC.: Hired Dave Siebert as senior vice president of several units within the Enterprise Solutions division.Save

Reverse mortgages are not for everyone 
Winston-Salem Journal - Mar 24 1:55 AM
WASHINGTON ?SDHp- Before getting a reverse mortgage, Frances Tolson’s financial life was a struggle.Save

Free counseling available for first-time homebuyers 
Bradenton Herald - Mar 21 6:08 AM
Aiming to help financially strapped residents repair bad credit and avoid predatory loans and home foreclosure, Catholic Charities of Manatee County has expanded its free housing counseling program.Save
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Reverse mortgages and seniors: How to decide what’s right for you
WIS-TV - It’s called a reverse mortgage. Reverse mortgages are becoming popular in America. The US Department of Housing and Urban Development (HUD) created one of the first. Many seniors utilize a reverse mortgage to supplement social security income, meet

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CBS News - But I strongly advise against a reverse mortgage, because you won’t be leaving your kids a house, you’ll essentially be leaving them a mortgage. Reverse mortgages have the highest interest rates. They are also often fraudulent, and brokers will

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Reverse mortgages move into high gear
Los Angeles Times - Mar 04 12:17 AM
Increasingly, those 62 and older are using their residences as a source of additional income. The number of federally insured reverse mortgages in the United States last year jumped 77% and legislators and lenders are bracing for another huge increase in 2007. Save

Q&A: Reverse mortages
Daily Record - Mar 04 1:25 AM
Question: More questions on reverse mortgages. What if you apply and the lender decides that you must make costly repairs? Do you still have to be out the appraiser, title search, credit report, etc. costs if you are not willing to go through with the loan?Save

Suitability Standards Could Carry Unintended Consequences
Washington Post - Mar 30 7:36 PM
For the past few weeks, I have been examining in this column the issues surrounding whether there should be a suitability standard for mortgage loans — that is, whether lenders should be held liable if they allow borrowers to take home mortgages that aren’t suitable for them. Save

Reverse mortgage can help
The Cincinnati Post - Mar 06 3:42 AM
DEAR BRUCE: I am 80, and my wife is 79. We live in Las Vegas. Our home has an estimated value of $450,000 and rising. We have been supplementing our income with some stock liquidations that have additional fees. Do you think we’re candidates for a reverse mortgage? Would the bank charge interest at some fixed rate? Would these reverse-mortgage receipts be subject to income tax? We haven’t talked …Save

Baby Boomers Find Hope for Retirement with Long Beach Firm
[Press Release] PRWeb via Yahoo! News - Mar 28 12:01 AM
According to a recent study many baby boomers are finding themselves inadequately prepared for retirement. However, it is possible to rescue their retirement with proper leverage of the equity in their home.Save

Briefs
The Monterey County Herald - Mar 09 3:02 AM
Four businesses will receive Awards of Excellence at the Pacific Grove Chamber of Commerce’s annual membership luncheon from 11:45 a.m. to 1:30 p.m. March 16 at the Inn at Spanish Bay.Save
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