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Reverse Mortgage News
| Reverse Mortgage Daily Updated : NRMLA Ethics Advisory: Offering Financial and Insurance Products & Lead Generation The National Reverse Mortgage Lenders Association issued two new Ethics Advisories which outline the expected standards and practices in selling other financial and insurance products as well as standards for mortgage lead generation activities. The first Advisory 2009-01 “Ethical Offers of Other Financial and Insurance Products and Services” discusses ethical practices in which members [...] Publ.Date : Thu, 02 Jul 2009 14:58:54 +0000 NY Times: Reverse Mortgage Enables Seniors to Purchase Home New York Times writer Bob Tedeschi wrote about the HECM for purchase program which enables older borrowers to use a reverse mortgage to buy a principal residence. While the guidelines for the program were released early in 2009, the program is just starting to catch on. “The problem had been that lenders needed more information [...] Publ.Date : Thu, 02 Jul 2009 13:54:02 +0000 LTC Global Invests In Reverse Mortgage Business LTC Global announced that Brett Carter has joined LTC Global as Director of Business Development of LTC Global’s Mortgage Division. Carter’s primary duties will include continued participation in the business activities of Next Generation Financial Services (NGFS), a leading originator of reverse mortgage products said a company statement. LTC Global made an investment in NGFS [...] Publ.Date : Thu, 02 Jul 2009 15:44:42 +0000 Reverse Mortgage Servicer Celebrates 40 Years, Optimistic Outlook on Future Lansing, MI based Celink is celebrating its 40th year of business and despite being located in the heart of an economically troubled state like Michigan, John LaRose, CEO of Celink reflects on the past and looks with optimism to the future. “There is an invaluable lesson organizations learn in order to weather the storms created [...] Publ.Date : Wed, 01 Jul 2009 18:18:59 +0000 GAO: HUD Needs to Improve Oversight of Reverse Mortgage Counseling A new report from Government Accountability Office (GAO) found that the Department of Housing and Urban Development’s internal controls do not provide reasonable assurance that counseling providers are complying with HECM counseling requirements. As part of the GAO’s examination, they participated in 15 HECM counseling sessions and found that while the counselors generally conveyed accurate and [...] Publ.Date : Wed, 01 Jul 2009 19:01:20 +0000 Create Blog |
 "reverse mortgage" location:usa - Google News Updated : Sat, 04 Jul 2009 10:33:10 GMT Brett Carter Joins NGFS Investor, LTC Global - Business Wire (press release)
Publ.Date : Thu, 02 Jul 2009 09:02:32 GMT Buying an investment property? Some loan tips… - OCRegister
Publ.Date : Fri, 03 Jul 2009 10:01:16 GMT M&I Bank hosting reverse mortgage seminars - Green Bay Press Gazette
Publ.Date : Thu, 25 Jun 2009 14:06:34 GMT NY Times: Reverse Mortgage Enables Seniors to Purchase Home - Reverse Mortgage Daily
Publ.Date : Thu, 02 Jul 2009 13:56:52 GMT Consider all angles of reverse mortgage - Myrtle Beach Sun News
Publ.Date : Sat, 04 Jul 2009 02:49:53 GMT McCaskill warns of reverse mortgage pitfalls - Kansas City Star
Publ.Date : Mon, 29 Jun 2009 20:50:09 GMT Federal Trade Commission to Intensify Scrutiny of Reverse Mortgages - Reverse Mortgage Daily
Publ.Date : Tue, 30 Jun 2009 18:38:25 GMT 2009 Reverse Mortgage Changes - RealEstateRama
Publ.Date : Fri, 26 Jun 2009 19:59:49 GMT Seniors Drawn to Mortgages That Give Back - Wall Street Journal
Publ.Date : Wed, 10 Jun 2009 02:15:25 GMT Reverse Mortgage Servicer Celebrates 40 Years, Optimistic Outlook ... - Reverse Mortgage Daily
Publ.Date : Wed, 01 Jul 2009 18:31:31 GMT RSS feeds |
| Top News Updated : Mid-Morning Recap: Stocks Fail to Rise Despite Gains in Income, Sentiment Despite reports of higher income and improving consumer confidence, markets are off to a rough start on Friday morning with all three indexes in the red an hour into the trading session. Leading the decline is the 0.36% drop in the Dow to 8442, while...(read more) Publ.Date : Fri, 26 Jun 2009 14:58:01 GMT Fannie Mae Expands Portfolio, Delinquencies Rising Fannie Mae, the mortgage goliath taken under government control last September, yesterday announced that its portfolio expanded by an annual rate of 35.1% in May, marking a stark contrast to the 19.2% decline in April. In its summary of monthly highlights...(read more) Publ.Date : Tue, 30 Jun 2009 14:02:00 GMT Mortgage Applications Nosedive in Late June Demand for mortgage loans simply plummeted in the final week of June, even as mortgage rates once again moderated, according to a weekly industry index. The Mortgage Bankers Association said the Market Composite Index, a measure of loan application volume...(read more) Publ.Date : Wed, 01 Jul 2009 12:49:00 GMT The Day Ahead: Markets Hesitant Ahead of Employment Data Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependent on the direction of the labor market. Many look for signs of stabilization after last month’s downside surprise, but signs of a recovery have been far from evident in the weekly Jobless Claims numbers or the ADP private employment report. The consensus looks for 325,000 jobs to have vanished this month, with forecasts ranging between 225,000 and 435,00...(read more) Publ.Date : Thu, 02 Jul 2009 12:16:48 GMT Mid-Morning Recap: Sell-Off Extends into Tuesday Stocks have been extremely volatile Tuesday morning, and after opening higher all indexes are negative 90 minutes into the trading session. The Dow is leading the decline with a 0.53% drop to 8294, while the Nasdaq is 0.50% lower at 1757, and the S&P...(read more) Publ.Date : Tue, 23 Jun 2009 15:33:56 GMT The Week Ahead: Holiday Shortened Calendar The transition from June to July offers a packed schedule for investors. No data comes out Monday and Friday is a holiday, but the three days in between present key data and numerous speeches covering all fronts of the economy. The S&P 500 has gained...(read more) Publ.Date : Mon, 29 Jun 2009 12:17:14 GMT New Home Sales Stagnate. April Revisions Mitigate May Decline News was mixed for the real estate market this morning. Sales of new single-family homes fell 0.6% in May, in contrast to expectations of a 2.3% increase. By itself, that would be awful news, but revisions to April told the opposite story: the original...(read more) Publ.Date : Wed, 24 Jun 2009 14:52:23 GMT Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications A joint report from the OCC and OTS, which includes 64% of all outstanding mortgages, shows that instances of delinquency continued to increase in the second quarter. Particularly of note is the increasing growth rate of delinquencies among loans backed...(read more) Publ.Date : Wed, 01 Jul 2009 17:26:00 GMT Mortgage Applications Rebound as Rates Stabilize Loan applications for mortgages increased last week for the first time in a month, as average rates for a 30-year fixed rate mortgage edged downwards, a weekly report said Wednesday. Demand for applications advanced 6.6% in the week ending June 19, according...(read more) Publ.Date : Wed, 24 Jun 2009 12:06:00 GMT GSE Loan Modifications Increase. Prime Borrowers Falling Further Behind The Federal Housing Finance Agency (FHFA) today released first quarter foreclosure prevention data for Fannie Mae and Freddie Mac. Total foreclosure prevention actions (including loan modifications) totaled 86,600, 20 percent more than the previous quarter...(read more) Publ.Date : Tue, 23 Jun 2009 21:40:00 GMT Amazon RSS Feeds |
| HUD Press Releases Updated : Thu, 02 Jul 2009 12:00:00 GMT Mortgage Applications Rebound as Rates Stabilize Loan applications for mortgages increased last week for the first time in a month, as average rates for a 30-year fixed rate mortgage edged downwards, a weekly report said Wednesday. Demand for applications advanced 6.6% in the week ending June 19, according...(read more) Publ.Date : Wed, 24 Jun 2009 12:06:00 GMT The Day Ahead: Markets Hesitant Ahead of Employment Data Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependent on the direction of the labor market. Many look for signs of stabilization after last month’s downside surprise, but signs of a recovery have been far from evident in the weekly Jobless Claims numbers or the ADP private employment report. The consensus looks for 325,000 jobs to have vanished this month, with forecasts ranging between 225,000 and 435,00...(read more) Publ.Date : Thu, 02 Jul 2009 12:16:48 GMT Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications A joint report from the OCC and OTS, which includes 64% of all outstanding mortgages, shows that instances of delinquency continued to increase in the second quarter. Particularly of note is the increasing growth rate of delinquencies among loans backed...(read more) Publ.Date : Wed, 01 Jul 2009 17:26:00 GMT The Week Ahead: Holiday Shortened Calendar The transition from June to July offers a packed schedule for investors. No data comes out Monday and Friday is a holiday, but the three days in between present key data and numerous speeches covering all fronts of the economy. The S&P 500 has gained...(read more) Publ.Date : Mon, 29 Jun 2009 12:17:14 GMT Secretary Donovan awards over $1 billion in Recovery Act Funds to jump-start affordable housing construction in 26 states WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is approving plans submitted by state housing finance agencies for $1,035,322,485to jump start affordable housing programs in states throughout the countrythat are currently stalled due to the economic recession. Funded through American Recovery and Reinvestment Act of 2009 (Recovery Act), HUD's new Tax Credit Assistance Program (TCAP)will allow 26 state housing finance agencies to resume funding of affordable rental housing projects across the nation while stimulating employment in the hard-hit construction trades. Publ.Date : Tue, 30 Jun 2009 12:00:00 GMT HUD Secretary announces disaster assistance for Kansas storm victims WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 28 storm-ravaged counties in Kansas and provide support to homeowners and low-income renters forced from their homes due to severe storms, flooding, straight-line winds, and tornadoes. Publ.Date : Fri, 26 Jun 2009 12:02:00 GMT Mid-Morning Recap: Sell-Off Extends into Tuesday Stocks have been extremely volatile Tuesday morning, and after opening higher all indexes are negative 90 minutes into the trading session. The Dow is leading the decline with a 0.53% drop to 8294, while the Nasdaq is 0.50% lower at 1757, and the S&P...(read more) Publ.Date : Tue, 23 Jun 2009 15:33:56 GMT New Home Sales Stagnate. April Revisions Mitigate May Decline News was mixed for the real estate market this morning. Sales of new single-family homes fell 0.6% in May, in contrast to expectations of a 2.3% increase. By itself, that would be awful news, but revisions to April told the opposite story: the original...(read more) Publ.Date : Wed, 24 Jun 2009 14:52:23 GMT GSE Loan Modifications Increase. Prime Borrowers Falling Further Behind The Federal Housing Finance Agency (FHFA) today released first quarter foreclosure prevention data for Fannie Mae and Freddie Mac. Total foreclosure prevention actions (including loan modifications) totaled 86,600, 20 percent more than the previous quarter...(read more) Publ.Date : Tue, 23 Jun 2009 21:40:00 GMT HUD provides 2,500 housing vouchers to keep families together WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it is awarding 2,500 rental assistance vouchers to 37 public housing authorities across the U.S. to reunite more than 7,500 children with their parents. The children are currently in foster care. Publ.Date : Thu, 02 Jul 2009 12:00:00 GMT More Web Site Traffic |
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