AARP Survey Finds Boomer Women Focus on Finances to Secure Their Future. This AARP survey resonated with me because of a recent article I read in my local newspaper. The headline was an attention grabber for sure. It said: “Single, Female, Retired – and Broke” Wow! What a startling thought. No one wants to relate […]

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This Reverse Mortgage Video was posted on our Facebook wall earlier today by Dr Marion. It tells such a great story, not only about the way that a Reverse Mortgage can add life changing value to peoples’ lives, but it goes on to show how important community and art are when it comes to revitalizing […]

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Reverse Mortgage Counseling Funds were slashed by the House Appropriations Committee earlier this week. This means that unless reconsideration of the budget cut takes place before October 1, 2011, housing agencies across the country will be severely impacted.   Reverse Mortgage Counselingis a mandatory requirement for every reverse mortgage borrower applying for an FHA insured […]

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FHA Reverse Mortgages are not only safe but can truly be a lifeline for senior home owners 62 or older that are struggling to make ends meet on a fixed income.

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Will Hud Reverse Mortgage Lending Limits be decreased in October? That question is on the minds of senior homeowners and everyone working in the reverse mortgage industry these days. Speculation is that HUD reverse mortgage lending limits will be lowered in October, unless pressure to extend the current National lending limit of $625,500. is approved […]

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Are Reverse Mortgage Pitfalls off set by the numerous benefits of a reverse mortgage? Most people discover that the benefits far outweigh potential pitfalls after they have a full understanding of how these unique home equity loans work. For those of you, searching for a quick list of reverse mortgage pitfalls, here they are: 1. […]

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FHA HECM Reverse Mortgage servicing rules have been revised by HUD. Earlier this year HUD rescinded their Mortgagee Letter ML 2008-38, due to pressure brought about by the AARP Reverse Mortgage lawsuit filed on behalf of 3 reverse mortgage borrowers facing foreclosure. The case was later dismissed without prejudice on July 15, 2011. “Without Prejudice” […]

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The AARP reverse mortgage lawsuit against HUD on behalf of three reverse mortgage borrowers facing foreclosure has been dismissed without prejudice. The July 15th decision, although important, is not necessarily a permanent victory for HUD. The dismissal, without prejudice, means that the plaintiffs can try their case again or submit an amended complaint against HUD. […]

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