Archive for October, 2008
For Seniors, Safeguarding Your Pension From The Credit Crunch
What if your pension was through AIG, of Merrill Lynch or some other recently folded financial institution? Are your funds secure? I have spoken with dozens of seniors and soon to be retirees that have no idea if their nest egg will even be around next week, let alone next year. Ignorance in times of [...]
Reverse Mortgages Set To Grow
As the U.S. economy on a macro level and consumer loans on a micro level desperately seek sound footing, one sector of the mortgage market continues gain momentum. In a recent report by the Wall Street Journal, we see that the recent passing of federal regulation of reverse mortgage limits increasing should afford seniors some [...]
Watch the Treasury yield if you’ve considered a reverse mortgage.
Pay close attention to the 10 year CMT or Treasury yield if you’ve been considering a reverse mortgage recently. The Federal Reserve is getting ready to provide up to 0 Billion in loans to help relieve pressure on money market mutual funds that are up against redemptions. What does that …