Archive for December, 2006

Considered Joining NRMLA

Tuesday, December 26th, 2006

This is news for Reverse Mortgage Loan Officers
Joining NRMLA and The Learn While U Lunch Programs
In order to join the National Reverse Mortgage Lenders Association please visit  www.nrmlaonline.org
(Note: For those of you who already are members, please read the latest edition of the Reverse Mortgage Newsletter that just arrived at your home before Christmas…there is [...]

Reverse mortgages can be good source of money for elderly homeowners

Wednesday, December 13th, 2006

All of us who own stocks or stock funds are moaning and groaning about the 3-year-old bear market. But there’s another group of sufferers: fixed-income investors, many of them elderly.
True, falling interest rates did push bond prices up last year. But many investors who owned bonds that matured or were called early saw their incomes [...]

Fannie Mae Reverse Mortgage

Thursday, December 7th, 2006

Fannie Mae takes big stride with $6.3B restatement, but still faces work
WASHINGTON – Mortgage giant Fannie Mae has taken a significant stride in its march out of an accounting scandal by completing a restatement of past earnings but still faces tough work to make its financial reporting current.
The restatement for 2001 through June 30, [...]

A Maine banker issued first reverse mortgage in 1961

Sunday, December 3rd, 2006

Despite the fact that we have enjoyed a long period of relatively low inflation, the cost of living continues to rise. A growing number of seniors living on limited or fixed incomes now find themselves house rich but cash poor. Confronted with mounting cash-flow shortages, many of them have been faced with the unpleasant prospect [...]