Reverse Mortgage

Spiraling Health Care Costs Cause Sharp Rise in National Retirement
Insurance News Net - Households that fall more than 10 percent short of the target are considered at risk. This estimate assumes that people work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes

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BNY Mortgage Company Completes Transition, Becomes EverBank(R) Reverse
PR Newswire - This transition marks continued product innovation, including the introduction of Reverse SelectSM, the first fixed-rate jumbo reverse mortgage. Reverse Select is specifically designed to suit the needs of older Americans who want more cash than a

The Chanute Tribune
Chanute Tribune - And while they are attractive programs, be sure you know the facts before making any decision regarding a reverse mortgage. Reverse mortgages are available to people over the age of 62 who own their homes. These loans allow you to draw on your home

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Rules for deducting casualty losses
Baltimore Sun - Charles Brough, Manchester: I have a reverse mortgage. I paid over $7,000 in interest on my reverse mortgage last year. Is it deductible? SC&H Group: A reverse mortgage is an interest-only loan that capitalizes the interest expense along with the

Latest News
dBusinessNews.com - New Reverse Mortgage Loan Discounts and Settlement Guarantee Offered by Next Generation Financial Services Industry first discounts from Next Generation Financial Services give seniors Social Solutions to Host Second Annual Event on Nonprofit

Income-Replacement Funds Target Retirees
Smart Money - As soon as one of the owners moves to a retirement home/long term care facility the reverse mortgage has to be paid off immediately! The home would have to be sold forcing the healthy spouse/significant other out of the home home! There is 70% chance

East Bay mortgage companies merge with BWC Mortgage Services
East Bay Business Times - Wealth advisers look to poach clients [San Francisco] Jim Isaac joins Valley Community Bank [East Bay] First Republic posts higher earnings [San Francisco] Home lenders undergoing consolidation; BWC expanding [East Bay] Aging boomers spur reverse

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BUSINESS CALENDAR: Your regional planner
Patriot Ledger - Reverse Mortgage Seminar - Conway Financial Services, a division of Jack Conway & Company, will host a free seminar on reverse mortgages from 10 a.m. to 12:30 p.m., Tuesday, Feb. 26 at Lombardo s, 6 Billings St., Randolph. Information: Nancy Van

IndyMac Posts Record Loss, Calls Reserves Adequate (Update5)
Bloomberg - The moves will avert the need for “fire-selling either the entire company or our reverse mortgage business, which should be a tremendous long-term asset for our shareholders,'’ Perry said. The largest independent U.S. mortgage company

Court allows private down-payment assistance
Sacramento Business Journal - Court grants injunction against HUD ban on down payment assistance [Sacramento] Communicating success [Charlotte] Project may beat Railyards to the punch [Sacramento] HUD offering free foreclosure seminars [Washington, D.C.] LoanWell rides reverse

Community Calendar
Lowell Sun - THE PINES OF TEWKSBURY SEMINARS: Offered at 2580 Main St., Tewksbury: Identity Theft, Tues., Feb. 25, 6 p.m.; Reverse Mortgage, Tues., March 18, 10:30 a.m. Registration required. Call 978-657-0800. LOWELL GENERAL HOSPITAL PROGRAMS: Free informational

Indianapolis man found guilty of securities fraud
Tribune-Star - He also told them their investment was in an interest-bearing account, available to them upon request, while at the same time establishing a reverse mortgage for the couple. Some time after Keigley brokered the reverse mortgage loan and the couple

Universities join forces, partner with industry to get students geared
Phoenix Business Journal - Aging boomers spur reverse mortgage biz [East Bay] Baby Boomers Leading Startup Boom [Sacramento] AG, NY lawmakers agree on doctor code [Buffalo] Preparing students for the work force can be a daunting task for colleges and universities, but teaming

Mortgage advice for senior homeowners
Leader - MAYWOOD (March 6, 2008) Senior homeowners, age 60-plus, can turn to James J. Raymond, a premiere reverse mortgage specialist in Bergen County, for all of their reverse mortgage questions. A quick financial analysis provides all the data needed to

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community briefs
Free Lance-Star - The topic for this meeting will be reverse mortgages, a timely topic for the seniors in the Stafford and Spotsylvania area. PNC Bank Vice President Pat Simmons and her staff will be the presenters. Paws for Fashion March 1 for SPCA The SPCA of

Some inside baseball
Spokane Spokesman-Review - The story posted tonight about the convicted swindler selling reverse mortgages for a subsidiary of Sterling Savings is proof positive that communities need newspapers. “They re not going to have a guy working where all the money is at if he s a

Exeter briefs
Portsmouth Herald - If you or a loved one are 62 or older, a homeowner and interested in learning about reverse mortgages, attend a free seminar hosted by Heather L. Johnson of Your Home For Life: Feb. 28 Exeter Public Library at 10 a.m., 1 Founders Park

Fund Insight
Smart Money - Reverse mortgages are very expensive and fill an emotional need NOT more than a financial one! Bank CD’s are a great tool for cash management. You get a little free risk arbitrage thanks to Uncle Sam. Most markets are risk priced accordingly so if

Workshop to present home health-care matters
Bradenton Herald - Some of the topics are Alzheimer’s care, home safety, reverse mortgages and veterans affairs. There is an opportunity for those present to ask questions, and at the end of the workshop attendees will be presented with a scenario that will allow them

Senior activities - West
Toledo Blade - Reverse mortgages speaker, 10 a.m. Strength training at 10 a.m. Feb. 8: Out to Lunch bunch, 11:30 a.m. Feb. 11: Heart Health, speaker at 10:30 a.m. Mahjongg games. Feb. 12: Blood pressure clinic, 9 to 11:45 a.m. Feb. 13: Visit with the doctor, 11 a.m

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Reverse mortgages can help cash-strapped seniors
Nashville Tennessean - Simply put, it is a home equity loan without a payment,” said Brien Brandenburg, regional manager for Wells Fargo Reverse Home Mortgage. A reverse mortgages is a real estate transaction that permits people, 62 and over, to tap into the equity of their

Reverse Home Mortgage: Risks vs. Rewards
ABC News - There is an increasing trend among senior citizens in need of money for their rising health care and prescription drug costs taking out a reverse mortgage or in essence, getting paid by their home. According to the National Reverse Mortgage

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