22, 2015 /PRNewswire/ -- The NRMLA/RiskSpan Reverse Mortgage
Market Index (RMMI), a quarterly measure that analyzes trends in the home values, home equity, and mortgage debt of homeowners 62 and older, reached an all-time high of 195.
THE ABA HAS ENDORSED, through its Corporation for American Banking subsidiary, Reverse Mortgage
Funding LLC's reverse mortgage
program including its full offering of FHA-insured Home Equity Conversion Mortgage (HECM) products.
Most, but not all, reverse mortgages
are federally insured and are backed by the U.
If voters back Prop 5, Texans could become part of the Home Equity Conversion Mortgage for Purchase program, which offers seniors reverse mortgages
, insured by the federal government, specifically for purchasing new residences.
We are the place to get the facts about reverse mortgages
so you can decide if one is right for you.
Even baby boomers are casting an eye toward reverse mortgages
Wells Fargo Home Mortgage began originating reverse mortgages
in 1990, and as of 2010, the funded volume of reverse mortgage
business was nearly 2.
Typically, people who get reverse mortgages
are seniors who want to stay in their own homes but are having trouble making their mortgage payments or need to supplement their income.
MEMBERS Trust helps its credit union clients with the application, underwriting and servicing of reverse mortgages
Approximately 90% of all reverse mortgages
are Home Equity Conversion Mortgages (HECM) regulated by the U.
From 157 loans in 1990, the program grew to more than 112,000 in fiscal year 2008, with the agency handling roughly 90 percent of all reverse mortgages
As retirement investments have plunged and work opportunities have grown scarce, reverse mortgages
have become a valuable retirement planning tool for many older Americans, said Eric Bachman, founder and CEO of Golden Gateway Financial.