JUMBO REVERSE MORTGAGES ARE BACK-NEW TREND?

The first jumbo reverse mortgage product in years has been released by Generation Mortgage. This loan is more appropriate for homes with home values of $500,000.00 to $6,000,000.00. This jumbo product has some unique attributes that might be an insight to the trend in jumbo reverse mortgages. The product requires a minimum FICO score of…

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No Unnecessary Regulations for Reverse Mortgages Please!

May 20, 2010 The Honorable Christopher J. Dodd Chairman, Senate Banking Committee 534 Dirksen Senate Office Building Washington, D.C. 20510 Dear Senator Dodd: I am writing today with regard to a SA 3941, a proposed amendment to S 3217, which is being offered by Sens. McCaskill and Kohl. Though the amendment is no doubt well-meaning,…

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