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All the latest news about reverse mortgage

IndyMac’s reverse mortgage unit still stands; 75 local staff laid off (BizJournals)
The financial turmoil and federal takeover of IndyMac Bank didn’t hit the Sacramento area as hard as it did in many other areas, thanks to the Financial Freedom reverse mortgage operation in Rancho Cordova.

1st Reverse Financial Services Continues Wholesale Expansion With Two New Regional Correspondent Directors (PR Newswire via Yahoo! Finance)
1st Reverse Financial Services, LLC , a national reverse mortgage wholesale lender and subsidiary of Wilmington Savings Fund Society, FSB , has hired two well known industry professionals to head up Wholesale Lending relationships for the company.

ServiceLink Offers Special Services for Reverse Mortgages (Centre Daily Times)
ServiceLink, a leading provider of origination and default services and the national mortgage services platform of Fidelity National Financial (NYSE:FNF), has enhanced its title and settlement solution for reverse mortgage transactions.

Mortgage payment leeway offered (The Clarion-Ledger)
A new policy by Freddie Mac gives some people with delinquent mortgage payments more time to reach an agreement. It could be a boost in a state where nearly 10 percent of homeowners are behind on their house payments.

Wall Street leads London off its highs (Guardian Unlimited)
London shares have come off their best levels after Wall Street slipped into reverse on renewed credit crunch worries

Down payment assistance bites the dust (Bankrate.com via Yahoo! Finance)
The Housing and Economic Recovery Act will put an end to having anyone but the buyer put money down. But a bill introduced in Congress may bring it back.

A&L sells 400 mln stg mortgage-backed bond (Reuters via Yahoo! UK & Ireland News)
Alliance & Leicester raised 400 million pounds from bonds backed by prime residential mortgages this week, only the second such deal in the moribund market in more than a year.

How the Housing Law Affects Reverse Mortgages (US News & World Report)
Most seniors should be cautious.

BUSINESS: Town Hall discusses 'I.O.U.S.A.' documentary (North County Times)
Across America on Thursday, tens of thousands of people are going to the movies to see a documentary about debt. The movie is called I.O.U.S.A., and it focuses on the looming federal and personal debt crises facing the United States. The filmmakers

A&L sells 400 mln stg mortgage-backed bond (Interactive Investor)
Tue 19 Aug, 2008 13:40

Mortgage vs. Reverse Mortgage: How Do You Put Your Mortgage in Reverse

Many people look at the process of a mortgage and wonder how exactly do you put your mortgage in reverse?

In order to understand a reverse mortgage, lets first investigate at a normal mortgage for a first time home buyer. When you first start the mortgage process, you shop many mortgage l...


Reverse Mortgage Loans: Supplement Your Income with a Reverse Mortgage for Seniors

Reverse mortgages are one of the most misunderstood mortgage loans around. Reverse Mortgages are a way for seniors to create an income stream using the equity in their homes. As with any type of mortgage, there are risks and you need to research reverse mortgages to avoid being taken advantag...


Reverse Mortgage - Reverse your Monthly Mortgage Payment

One of the most frequent questions that we receive when assisting with Reverse Mortgages is, ?If I already have a mortgage, can I still do a Reverse Mortgage?? The consensus seems to be that most people believe the answer to this questions is no. In reality, however, the Reverse Mortgage is a...