Archive for July, 2007

Home Equity Conversion Mortgage Interviews

Saturday, July 28th, 2007

Information below for Reverse Mortgage Counseling
Home Equity Conversion Mortgage (HECM) Face-to-Face Interviews
This Mortgagee Letter informs Federal Housing Administration (FHA) approved lenders and Department of Housing and Urban Development (HUD) approved housing counseling agencies that FHA will now allow prospective HECM borrowers the option to meet face-to-face with the lender and/or HECM counselor or to participate [...]

Senior Citizens Reverse Mortgage

Tuesday, July 17th, 2007

Senior Citizens More Aware of Reverse Mortgage than other Mortgage Products
But Harris Poll finds only 2% have reverse mortgages
Awareness of the reverse mortgage is extremely high among older Americans in a demographic grouping of people age 62 and older, called the “Matures” by the Harris Poll. The Matures have a greater awareness of the reverse [...]