Two major news organizations published articles this week about reverse mortgages, CNBC and The Washington Post. Both are noteworthy because it is an indication that reverse mortgages are getting more mainstream and gaining in popularity. Each of the articles takes a look at the current trend in the reverse mortgage market and they both point […]

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How much can I get from a reverse mortgage or what is the maximum loan to value for a reverse mortgage? These two questions come up over and over from visitors to our website and blog. Admittedly, a Reverse Mortgage is confusing for people that are not familiar with this type of home equity loan. […]

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Oregon Reverse Mortgage borrowers that were suddenly dropped from the low income property tax deferment program in July, 2011 have been temporarily reinstated. Temporarily, being the operative word here. The extension is for two years….What happens after that is anyone’s guess. Once again we saw the unintended consequences that occur when government officials enact legislative […]

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A question often asked is, “Are all Reverse Mortgages FHA insured loans?” The answer is, yes the vast majority of Reverse Mortgage Loans in the United States are FHA insured loans, backed by the Department of HUD. They are officially named HECM (Home Equity Conversion Mortgage.) Over 90% of all Reverse Mortgages are FHA insured […]

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President Obama’s State of The Union Address was welcomed by some and bashed by others….as is always the case.  What did you think of the Presidents plans for the Nation? Mortgage Trade Groups Back Obama’s Housing Market Goals The National Association of Home Builders (NAHB) has commended President Barack Obama for offering proposals in Tuesday’s […]

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It remains to be seen whether the States Attorneys General will accept the Big Bank’s 25 Billion dollar settlement proposal to make the “robo-signing” foreclosure scandal go away. If it is accepted, it will only apply to privately held mortgages issued between 2008 and 2011, not mortgages held by Fannie Mae or Freddie Mac. Fannie […]

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What happens with a Reverse Mortgage at Death? This question often comes up when we are discussing the ins and outs of Reverse Mortgage Loans with potential borrowers. There seems to be a lot confusion surrounding what happens with a home that is secured by a reverse mortgage at death. Here is how it works. […]

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