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Most recent items from this feed:
HUD Releases Reverse Mortgage Counseling Toolkit
With the new HECM Counseling protocols only days away, the Department of Housing and Urban Development released the Reverse Mortgage Toolkit to help counselors with the transition.
Developed by the National Council on Aging, the toolkit is a series of online tools that include the Financial Interview Tool, Benefits Check Up, and other resources. The tools [...]
09/02/2010 02:46 PM
Have Reverse Mortgage Experience? Lenders Looking to Hire
What are lenders looking for in new hires? Reverse mortgage experience. If you have it, check out the latest job openings from Reverse Mortgage Jobs Online:
Reverse Mortgage Loan Officer (Nationwide) American Advisors Group
Loan Officer (Nationwide) 1st AA reverse mortgage
Reverse Originator (Owings Mills) Southern Trust Mortgage
Reverse Mortgage Loan Officer (Levittown) Senior Security Home Advantage
Reverse Mortgage Originator (Massachusetts) Reverse Mortgage of New [...]
09/02/2010 02:34 PM
NBC Today: Reverse Mortgage Discussion
During NBC Today’s Money 911 segment on Wednesday, reverse mortgages were one of the topics discussed.
A reader asks:
My best friends are in their 70s and they have very little savings and their social security is less than their expenses. They don’t want to sell their home and are considering a reverse mortgage.
So how does Ms. [...]
09/02/2010 12:42 PM
Google and US Bancorp Team Up for Affordable Housing
U.S. Bancorp Community Development Corporation (USBCDC), a division of U.S. Bank, announced it has arranged and will manage an $86 million Low-Income Housing Tax Credit (LIHTC) fund for Google, the popular search engine firm.
The fund will provide a major source of funding for the construction and operation of 480 affordable rental housing units for low [...]
09/02/2010 12:40 PM
FHA Raises Annual Premiums Charged to Reverse Mortgage Borrowers
The Department of Housing and Urban Development announced new changes to the mortgage insurance premiums for the Federal Housing Administration’s reverse mortgage program on Wednesday.
For all Home Equity Conversion Mortgages (HECM) with a case number assigned on or after October 4th, 2010, FHA will raise the annual mortgage insurance premium (MIP) charged to borrowers from [...]
09/01/2010 04:42 PM
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