Loan Limits
The House’s Proposal Concerning Reverse Mortgages
The House’s Proposal Concerning Reverse Mortgages This month Congress will have to set up a committee to discuss the Bills, and come to some kind of a decision. The House’s version was passed in August. It decided that HUD would have to operate without any subsidy – even though a subsidy was not needed before. [...]
California Reverse Mortgage Information
The California Reverse Mortgage climate is continuing to grow strong. After a record numbers and as credit becomes easier to obtain expect many more reverse mortgages to be completed this year. With Los Angeles and Orange County leading the way rest assured that the impact of the economy has helped to erode much of the [...]
2009 Reverse Mortgage & HECM Limits
While reverse mortgage loan limits recently increased nearly $60,000 homeowner’s equity could not fall any faster if it tried. It seems that as a mortgage broker, those of us with insights to understand that the good times of easy financinig would not last and were smart enough to seek alternate revenue streams like the reverse [...]