http://reversemortgageloanblog.com News and discussion about Reverse Mortgages Thu, 04 Mar 2010 16:02:48 +0000 http://backend.userland.com/rss092 en Three metro Atlantans have been indicted for allegedly running a reverse mortgage fraud ring. Jonathan Alfred Kimpson, 27, of Lithonia and Gia Harris, 26, of Atlanta were indicted by a federal grand jury on charges of conspiracy to commit financial institution fraud involving so-called "reverse" mortgages. ... http://reversemortgageloanblog.com/2010/03/04/three-charged-with-reverse-mortgage-ring/ Average home values for older Americans have halted their slide after remaining flat or declining for seven consecutive quarters. The national average self-reported home value of older Americans rose from $369,762 in the third quarter of 2009 to $381,895 in the fourth quarter of 2009. Older Americans were one of the ... http://reversemortgageloanblog.com/2010/03/02/home-values-for-older-americans-finally-begin-to-rebound-in-fourth-quarter-2009/ What many people have now — house, lifestyle, neighborhood, friends, church, club — is exactly what they’d like to keep. Unfortunately many older folks simply don’t know how or where to look to find the funds that would allow them to do so. The immediate need for seniors ... http://reversemortgageloanblog.com/2010/03/01/some-retirees-use-reverse-mortgages-to-pay-for-affluent-lifestyle/ Belgian bank, KBC, has divested its U.S. reverse mortgage business, releasing about $800 million in cash, The Wall Street Journal reports. The sale of the portfolio, which was part of the KBC Financial Products division, is also likely to reduce its risk profile. Bank of America is said ... http://reversemortgageloanblog.com/2010/02/26/kbc-sells-u-s-mortgage-business/ The reverse mortgage can be a solution to compliment the limited superfund. Is it a scheme where property owners have access to the money they had accumulated throughout their life as equity to their home. Through the reverse mortgage, you can "borrow" money for a period of ... http://reversemortgageloanblog.com/2010/02/25/reverse-mortgage-guide-australia/ The Indianapolis 500. The Daytona 500. Now comes the Florida Legislature 2010. If legislation is compared to an auto race, then some proposals on a fast track might be ready to take the checkered flag soon after lawmakers gather March 2 for the first day of the ... http://reversemortgageloanblog.com/2010/02/24/florida-legislation-aims-to-safeguard-reverse-mortgages/ The reverse mortgage is a financial tool that is growing in popularity. Designed as a means for elderly homeowners who have substantial home equity and wish to stay in their homes, a reverse mortgage can provide tremendous peace of mind to seniors and help them stay ... http://reversemortgageloanblog.com/2010/02/23/reverse-mortgages-can-be-useful-but-do-your-research/ For many people, their home is their single largest asset. Seniors, in many cases, may have limited "liquid" assets, such as money in the bank, but may own their homes free and clear. This can create problems with cash flow during the retirement years, especially for those who have insufficient ... http://reversemortgageloanblog.com/2010/02/22/a-reverse-mortgage-could-help-some-seniors/ Charleston SC -- Forget the bar exam for lawyers or the SATs for high school seniors. A mandatory nationwide licensing test for reverse-mortgage counselors is stumping veteran housing specialists, some of whom have been advising elderly homeowners in the Charleston area about this type of loan for years. Several months after the ... http://reversemortgageloanblog.com/2010/02/18/the-post-and-courier-reverse-mortgage-test-a-puzzler/ A reverse mortgage is an appealing way to extract cash from your house -- but it comes with baggage. Reverse mortgages, which homeowners who are at least 62 years old can use to tap their home equity, have become more popular in recent years. The homeowner takes out a new loan ... http://reversemortgageloanblog.com/2010/02/15/the-case-for-becoming-your-moms-banker/