There are a few different products and product changes in the Reverse Mortgage Industry, but most online calculators should return similar if not exact results.
It is important to understand that interest rates, lending limits, and loan products do change, so if you run a reverse mortgage calculator one week, it may be different a few [...]

Most reverse mortgages are home equity conversion mortgages, or HECMs, which are insured by the federal government. You must be at least 62 years old to qualify. For 2010, the absolute maximum amount that can be borrowed under an HECM is $625,500. However, the actual lending limit depends on the value of your home, your [...]

Updated on Reverse Mortgage Amendment…
As lawmakers continue to file debate the Restoring American Financial Stability Act of 2010 (S. 3917) amendments, Senator Claire McCaskill (D-MO) and Senator Herbert Kohl (D-Wis) have introduced S.A. 3941, an amendment that would give the proposed Consumer Finance Protection Agency the authority to establish strict rules governing the sale of [...]

The US Department of Housing and Urban Development officially extended the loan limits for its FHA insured reverse mortgage program with Mortgagee Letter 2009-50.
The national FHA loan limit for the HECM program in 2010 remains at $625,500 (150 percent of the national conforming limit). In the special exception areas (AK/HI/GU/VI), the maximum claim amount on [...]

Baltimore, MD (PRWEB) November 17, 2009 — Next Generation Financial Services (NGFS) today announced that Robert Cannon has joined NGFS as its Chief Executive Officer. Cannon succeeds acting President Richard Pitbladdo, who will continue with NGFS as its Chief Financial Officer.
As an attorney, Cannon has advised banks, bank regulators and individuals, especially regarding Home Equity [...]