HUD Reduces Reverse Mortgage Proceeds by 10% -Housing Values/Economy affect FHA Program

For the first time in the history of the FHA Reverse Mortgage program, it is running at just under an $800 million dollar deficit.
FHA insures reverse mortgages against lender losses and borrower owing more than their home values when their reverse mortgage loans become due.* until recently the FHA reverse mortgage program has never run a deficit. But with falling real estate values, FHA has been paying more on claims.

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Motley Fool Rule Your Retirement – Good Real Estate Options for Retirees

Motley Fool talks about options surrounding most retirees biggest asset, their home. How much home do you need? Should you pay off your mortgage? If so when? What items should you look at before tapping in to your equity as a retiree? When is it optimal to consider a reverse mortgage? How can you use a reverse mortgage…

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Family Reunion–a Good Time for Family Planning

Summertime brings a lot of family time. With family reunions, picnics, weddings and other events, long distant family members travel to gather together. It is also the perfect time to do some planning for the future. With parents aging and their health and lifestyles changing, children need to discuss some changes and decisions that will be needed in the near future. Parents should take the time to tell their children where important documents are kept and what their wishes are in the event of needing health care directives or experiencing long term care needs

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