Archive for September, 2007

New Reverse Mortgage Loan Consultants

Friday, September 21st, 2007

Next Generation Financial Services (NGFS) is proud to announce the following individuals have completed their recent Reverse Mortgage Training Seminar. The new consultants can be reached via thier websites and are trained for both Reverse Mortgages and Cash Flow Planning.
Daniel Sirstad
503-481-2934
URL: http://www.ReverseMortgageNation.com/danielsirstad/
Troutdale, Oregon
Cindy D. Kleine
760-200-3100
URL: http://www.ReverseMortgageNation.com/cindykleine/
Palm Desert California
Joe Cefaratti
800-977-7858
URL: http://www.ReverseMortgageNation.com/huddirect/
Newport Beach California
Alan Joffe
818-445-5915
URL: http://www.ReverseMortgageNation.com/alanjoffe/
Sherman Oaks [...]

Product Announcement HECM 150

Friday, September 21st, 2007

We are experiencing extraordinary times in the capital markets when, despite the Federal Reserve’s best efforts to provide liquidity to the money market by reducing both the Discount Rate and the Fed Funds Rate, the key short-term LIBOR rates keep rising. The unprecedented scope of the market dislocation in the money markets has far reaching [...]

Reverse mortgage limit scrapped in FHA reform

Monday, September 17th, 2007

WASHINGTON (Reuters) - Two key leaders of the U.S. Senate Banking Committee have agreed to scrap a limit on the number of reverse annuity mortgages that a federal insurance program may underwrite, sources familiar with the discussions said Monday.
The mortgages, known as RAMs, are popular among older Americans because they allow them to draw income [...]

CASH Asset Manager Mortgage Acceleration

Thursday, September 6th, 2007

Amidst Market Turmoil, Consumers Now Have Access to a New Option: Homeowners Are Now Able to Pay Off Their Mortgages Years in Advance Using the CASH Asset Manager Mortgage.
Next Generation Financial Services has introduced a program which has the potential to greatly improve the financial well being of every homeowner… without risk or sacrifice. Consumers [...]