Archive for April, 2009
Reverse mortgage stimulus package
Pick up a dictionary and look up the word stimulus and you’ll see- something that incites to action or exertion or quickens action, feeling, thought, etc.: The approval of others is a potent stimulus. Synonyms for that word include incitement, motive, provocation, stimulant. The stimulus package signed by the President …
President Obama’s Refinance Plan
Both the Federal Reserve and the White House have been hard at work deciding exactly what to do with the millions of homes in the market that are in need of help. Bloomberg offers an in depth look at the president’s plan.
Massachusettes Law On Reverse Mortgage
By the Division of Banks Industry Guidance on Reverse Mortgage Loans Information for Banks, Credit Unions, and Lenders seeking to make Reverse Mortgage Loans in the Commonwealth: The Law: In the Commonwealth, reverse mortgage loans must be made in accordance with programs which have been reviewed and approved by the Commissioner of Banks. Reverse mortgage [...]