NRMLA is pleased to announce that on Tuesday evening the U.S. House of Representatives passed the Expanding American Homeownership Act of 2006 (H.R. 5121), which would make substantial improvements to the FHA HECM program. President Bush issued an immediate statement http://www.whitehouse.gov/news/releases/2006/07/20060726.html thanking the House of Representatives for passing H.R. 5121 (referred to by mortgage industry [...]

Financial Freedom, a unit of IndyMac Bancorp, is expanding its jumbo reverse mortgage offerings so it can originate loans with higher loan limits.
Seniors who opt for the new mortgage and take out the entire amount in one lump sum — instead of as a line of credit — do not have to pay closing costs [...]

SAN FRANCISCO — When it comes to retirement, you need to consider your financial future. Senior homeowners are faced with many options and NBC11 consumer editor Sloan Barnett explains a way to keep the house and still have some cash.
“I got a reverse mortgage because I didn’t know what my financial future was and I [...]

NEW YORK, July 6 (newratings.com) – IndyMac Bancorp Inc (NDE.NYS), the parent company of IndyMac Bank, Wednesday announced that it had decided to rule out the initial public offering (IPO) of the Financial Freedom Senior Funding unit and instead purchase a 6.25% stake in the unit for $40 million.
Pasadena, California-based IndyMac Bancorp said it will [...]