Archive for November, 2007
New Zealand: Reverse mortgage caution
New Zealand: Reverse mortgage caution, In his retirement years Uncle Bill lived in a modest bungalow in Spreydon, Christchurch. After Aunty Mona’s death he forged a close relationship with our three children, and we saw a lot of him.We knew that Bill did not have much to come and go on, and he constantly complained [...]
Interview with Mark W. Seegmiller, loan officer
Interview with Mark W. Seegmiller, loan officer, Mark Seegmiller is a reverse-mortgage loan specialist with Mountain America Credit Union, Woods Cross Branch. He says the majority of reverse mortgages help pay health-care costs and are used for home repairs, and living expenses, and to repay existing mortgages. Explain a reverse mortgage. The formal term is [...]
Reverse Mortgages To Back Bond Issue
Reverse Mortgages To Back Bond Issue, Ginnie Mae Plan Is Designed to Raise Market’s Liquidity Federal housing-finance agency Ginnie Mae plans to roll out as soon as today what it calls the first “standardized” bond issue backed by reverse mortgages, a move aimed at boosting liquidity for one of the fastest-growing markets targeting baby boomers. [...]