When Americans try to figure out their net worth, they often find that their biggest chunk of wealth isn’t stashed in a bank or a brokerage account. For many of us, our true wealth can be found in our porcelain sinks, wallpapered bedrooms, outdated kitchens and scuffed hardwood floors. Our homes, particularly in states like [...]

For many Americans reaching the retirement age, the equity build up in their home is their only real asset. Reverse mortgage is a way to tap into this asset and create a stream of income needed for retirement or take care of an unexpected financial need that is usually related to health care costs in [...]

Here is a more detailed article about the previous post.
It was policy, not politics for Governor Schwarzengger as he came to the Bay Area today.
But his bill-signing ceremony can only help his campaign for re-election.
It is bill-signing season, so the governor is staging some very public signature ceremonies, getting positive coverage without having to campaign.
In [...]

California Gov. Arnold Schwarzenegger signed a bill yesterday aimed at protecting reverse mortgage borrowers from predatory lenders. The new law requires customers receive counseling from a Department of Housing and Urban Development-approved counselor before the loan closes.
The law also requires lenders to translate any documents into Spanish, Chinese, Tagalog, Vietnamese, or Korean if the mortgage [...]