Angella Conrard's (aconrard) Blog

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Mortgage and Lending - Reverse Mortgage Advisor

ARCHIVED BLOG POSTS

2008 

 FHA Modernization language included in Bill HR 3221 A major housing bill HR 3221 passed yesterday. The president has threatenened to veto it.How does this affect seniors? The reverse mortgage association NRMLA has been working on this legislation to help older homeowners for years! We need highe...
06/25/2008
Last Week Financial Freedom announced they were discontinuing their jumbo Cash Account product. The Cash Account was the first proprietary reverse mortgage jumbo introduced as reverse mortgages became accepted into the main stream market. The reverse mortgage market is similarly affected as the f...
06/25/2008
FHA HECM Fixed Rate reverse mortgage is subject to the same guidelines as all HECM reverse mortgage. The loans are calculated on the county lending limit and vary from county to county. To find out the lending limit in your area go to: https://entp.hud.gov/idapp/html/hicostlook.cfm . There are a ...
06/25/2008
I recently took a tour of the COUNCIL ON AGING - Orange County (COAOC). The Council is an incredible resource that has been serving OC since 1973 as a 501 © (3). The Council mission is to promote adult empowerment, prevent abuse and advocate the rights and dignity of those experiencing health, di...
06/25/2008
Everbank was just recently bought by MetLife Insurance Company. MetLife is the second insurance company to buy a reverse mortgage company behind Genworth. Genworth bought Liberty Reverse earlier this year.   These purchases reinforce my thought that as Baby Boomers age you will see more and more ...
06/09/2008
Consumers want to be prudent and compare reverse mortgage options. Even with internet access, it is difficult to know what all your options are. You can go down to your local bank and ask about reverse mortgages; unfortunately a bank employee is limited to the products offered by their employer i...
06/09/2008
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Angella Conrard

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