Items Tagged with 'jumbo reverse mortgage'

ARTICLES

  • Finance of America Reverse introduces first-ever second-lien reverse mortgage

    HomeSafe Second lets borrowers tap equity, keep their mortgage
    Finance of America Reverse released a new version of its proprietary reverse mortgage product, unveiling the HomeSafe Second – the first jumbo reverse mortgage to allow homeowners to retain an existing mortgage lien. The move is the next phase of FAR’s strategy to provide homeowners with more ways to tap their equity and help reverse mortgages seep into the mainstream.
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  • Originating: Unlocking the Opportunity for Jumbo Reverse Mortgages

    Due to current housing market conditions, possible future FHA lending limit reductions and the number of baby boomers becoming seniors, there exists a great opportunity for the introduction of proprietary jumbo reverse mortgage products. In the last 11 years, housing has arguably been through the steepest market rally followed by the biggest decline in our lifetime.  Following the peak, we took an “over the waterfall” three-year drop in home prices, exceeding 40 percent in many metropolitan areas. Beginning in 2003 the real estate market boomed as lenders expanded the subprime mortgage market to borrowers that could not afford the properties they
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