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Elderly Turn to Reverse Mortgages, Despite Some Pitfalls
Apr 14, 2009(Update 1: adds in U.S.-based lender perspectives on assisted care provisions in HECMs) A growing number of older Americans are securing reverse mortgages according to Home Equity Conversion Mortgage (HECM) data recently released by the U.S Department of Housing and Urban Development. Brokers of these types of mortgages, such as Golden Gateway Financial, say this product is a necessary step to increase borrower cash flow in retirement or to avoid financial troubles, however asset managers are voicing concerns.
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Wells Fargo Q1 Profits Packed with Accounting Gain
Apr 13, 2009 -
Firm Touts ‘Cash for Tax Credits’ Program
Apr 10, 2009 -
HOPE NOW Reaches Out; Will Homeowners Catch On?
Apr 09, 2009 -
Mortgage Assistance Guarantee: Hook, Line, or Sinker?
Apr 07, 2009 -
Firms Race to Build a Marketplace for Whole Loan Trades
Apr 07, 2009 -
Buyers Returning, Home Builders Say
Apr 07, 2009 -
Multi-Agency Crackdown on Foreclosure Rescue Scams Unveiled
Apr 06, 2009 -
Securities Firms Gain Access to Anti-Fraud Tools: Tech Roundup
Apr 06, 2009 -
U.S. to Detail Multi-Agency Crackdown on Foreclosure Rescue Scams
Apr 06, 2009 -
Community Coalition Purchases 47 Homes in Foreclosure
Apr 01, 2009 -
Fidelity National to Acquire Metavante
Apr 01, 2009
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