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Reverse Mortgage News:

HomEquity Bank's reverse mortgage originations up 42% in Q4 2011
HomEquity Bank's reverse mortgage originations up 42% in Q4 2011..

Business Wire - Mortgage Cadence Enables Lenders to Add Financial Assessment to Reverse Underwriting Process
December 1, 2011 -- As financial assessments of all reverse borrowers take hold throughout the reverse industry, more lenders are turning to Mortgage...

Boomers' $3 Trillion Nest Egg
An important issue facing aging boomers is if -- and how -- to use their home equity to help secure their retirement...

Mortgage Banking - FHA report shows heavy fosses ongoing from pre-2009 loans
December 1, 2011 -- On Nov. 15, acting Federal Housing Administration (FHA) Commissioner Carol Galante unveiled the latest annual report to Congress on the FHA...

Reverse Mortgages Return
Lenders are quietly reviving a loan for seniors that helps them convert home equity into cash...

Reverse Mortgage Versus HELOC for Extra Cash?
A reverse mortgage needs to be on your primary residence, and you can't move out of that residence without triggering the payoff of the reverse mortgage...

Urban Seeks Feeback on Proposed Reverse Mortgage Financial Assessment Guidelines - Reverse Mortgage Daily

Urban Seeks Feeback on Proposed Reverse Mortgage Financial Assessment Guidelines
Reverse Mortgage Daily
Urban Financial Group notified its wholesale partners this week that it is seeking feedback on proposed financial assessment guidelines for its reverse mortgage borrowers. In a memo obtained by RMD, Urban outlined the draft of proposed guidelines for .

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HomEquity Bank's reverse mortgage originations up 42% in Q4 2011
HomEquity Bank's reverse mortgage originations up 42% in Q4 2011..

MetLife Looking to Update Reverse Mortgage Financial Assessment - Annuity News Journal

Annuity News Journal

MetLife Looking to Update Reverse Mortgage Financial Assessment
Annuity News Journal
By Christi Roberts on January 26, 2012 at 8:44 am After a two-month wait, MetLife has announced they will release their new reverse mortgage policy later this week. For MetLife, the new changes to the policy are designed to insure only borrowers who .
MetLife Forced to Suspend Financial Assessment as Others Fail to FollowReverse Mortgage Daily

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Who Should Do a Reverse Mortgage?
Reverse mortgages allow homeowners of a certain age to draw down on their home's equity in exchange for cash--but it's not always the best financial decision for everyone...

NATION: Reverse mortgages can help senior citizens, but may not be for everyone
With fixed incomes and increased living expenses, many senior citizens are turning to reverse mortgages as a way to receive extra cash...

Mortgage Rates Reverse Course on Positive Housing Data - MarketWatch (press release)

Mortgage Rates Reverse Course on Positive Housing Data
MarketWatch (press release)
26, 2012 /PRNewswire via COMTEX/ -- Freddie Mac /quotes/zigman/226335 FMCC +1.64% today released the results of its Primary Mortgage Market Survey (PMMS), showing average mortgage rates climbing as the housing market ended 2011 on a high note.

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Reverse Mortgage Applications See 19% December Decline - Reverse Mortgage Daily

Reverse Mortgage Applications See 19% December Decline
Reverse Mortgage Daily
Reverse mortgage applications submitted to the Department of Housing and Urban Development fell 18.9% in December to 6092. The total number of applications in the prior month, November, was 7058, according to the most recent HUD data release in its .