Archive for June, 2007
PBS Reports on Reverse Mortgages
When I think of PBS I usually think of Big Bird, Charlie Rose, documentaries and not so funny British comedy. In this clip a local PBS affiliate chronicles the phenomenon that has grown into the modern reverse mortgage industry.
HUD Secretary calls reverse mortgages “bright spot in housing market”
In yesterday’s LA Times, we find one of the first true green light articles for reverse mortgages from a major newspaper. But of note, were the words of Housing and Urban Development Secretary Alphonso Jackson described reverse mortgages as “the bright spot in today’s housing market,” adding that “their significance will only increase as more [...]
Impact of Reverse Mortgage on the Kids Inheritance
On the surface, a reverse mortgage is surely not the best usage of home equity, especially for families that have children with resources. The fees are high, although they are coming down and the erosion of equity is not that sweet of a deal. However, the loan is not all bad as those that do [...]