Michael Pinter's Reverse Mortgage Blog

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Mortgage and Lending - First Meridian Mortgage
Everything you ever wanted to know about Reverse Mortgages.
RECENT BLOG POSTS
I posted a few days ago about a very informative report from the Center for Retirement Research. The post can be seen here: http://activerain.com/blogsview/1529114/interesting-report-from-the-center-for-retirement-research-shows-that-reverse-mortgages-will-be-needed-more-than-ever-in-the-coming-y...
03/10/2010
Golden Gateway is a Reverse Mortgage Lender and their website vistors seem to be inputting higher values lately, so they assume that their home values are rising. They announced that "average home values for older Americans have halted their slide after remaining flat or declining for seven conse...
03/10/2010
I found a very well written piece on SeniorJournal.com from last summer about the top ten Reverse Mortgage Myths. I've seen a few versions of this and I've posetd about them in the past, but it's always good to debunk the most common myths. Obviously the biggest myth is that the lender "gets" the...
03/09/2010
Thanks to Reverse Mortgage Daily for finding this great report from Boston College. The report looks like it is long (9 pages), but the end note stake up four pages and the whole report is about four pages long. The report is about the results of a recent survey of workers who are getting close t...
03/05/2010
Unfortunately, it was the Snohomish County,WA Herald. It was called: Some retirees use reverse mortgages to pay for affluent lifestyle and it mentions several people who are using their Reverse Mortgages to maintain their lifestyles. What I liked about it was that it shows that Reverse Mortgages ...
03/04/2010
The Urban Land Institue came out with an interesting persepctive on how the housing market will perform over the next ten years. The report is called: Housing in America: The Next Decade and it says that things are going to be very different in the coming years. It predicts another 10% drop to ho...
03/03/2010
I recently learned about the "village" concept. It was started in 2001 in Boston's Beacon Hill area. The Beacon Hill Village was started by a group of people who lived in the area and decided that they 1) Want to stay in their homes 2) Might need some services such as transportation, home health ...
03/02/2010
The latest data shows that Reverse Mortgage Application volume in January  was down about 50% from last year. Unfortunately this is no suprise. in my opinion; here's why: 1) The ridiculous 10% limit cut last year has made it impossible for thousands (millions?) of people to get a Reverse Mortgage...
02/25/2010
A very interesting article from a few weeks ago in the Tampa Bay paper writes about the over 55 demographic as part of the national employment picture. All of its statistics come from the Bureau of Labor Statistics. First, the number of unemployed people aged 55 to 64 has tripled to 1.6 million s...
02/24/2010
Here's a few nuggets about the Reverse Mortgage market and it's unbelievable potential: As per the U.S. Census Bureau, in 2004, over 27 million Households have at least one resident over 62 years old. 21 million (78%) Senior Households own their own home 73 percent of them own them outright with ...
02/09/2010
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Everything you ever wanted to know about Reverse Mortgages.