http://www.allrmc.com Copyright 2008, All Reverse Mortgage Company customercare@allrmc.com All Reverse Mortgage Blog http://allrmc.com/images/logo.jpg http://www.allrmc.com 88 31 All Reverse Mortgage Company Blog and Industry News http://www.allrmc.com/articles/Reverse_Mortgages:_MSNBC_ConsumerMan_Gets_It_Wrong.php ... Fri, 23 Jul 2010 23:10:06 +0000 http://www.allrmc.com/articles/New_Scam_Targets_Elderly_Homeowners_with_Reverse_Mortgages.php ... Sat, 19 Jun 2010 00:09:04 +0000 http://www.allrmc.com/articles/Jumbo_Reverse_Mortgage_to_Return.php ... Wed, 19 May 2010 23:42:52 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_and_Natural_Disasters.php ... Wed, 12 May 2010 22:51:46 +0000 http://www.allrmc.com/articles/How_to_choose_the_right_Reverse_Mortgage_Lender.php ... Thu, 06 May 2010 15:31:35 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_for_Laguna_Woods_Residents.php ... Fri, 02 Apr 2010 05:07:38 +0000 http://www.allrmc.com/articles/Should_you_get_a_Reverse_Mortgage_at_Age_62_.php ... Wed, 31 Mar 2010 16:40:46 +0000 http://www.allrmc.com/articles/HUD_Appraisal_Independence:_Is_the_AMC_Working.php ... Wed, 24 Mar 2010 20:10:54 +0000 http://www.allrmc.com/articles/Fixed_Rate_HECM:_No_Set_Aside,_No_Monthly_Servicing_Fees.php ... Wed, 17 Mar 2010 17:48:57 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_(HECM)_vs_Home_Equity_Line_of_Credit_(HELOC)_.php An excellent question from one of our readers... Dear All Reverse Mortgage, The financial collapse of 2008 took about 40% of my... Fri, 05 Mar 2010 22:04:13 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Alternatives_in_the_Real_World.php ... Tue, 09 Feb 2010 00:28:35 +0000 http://www.allrmc.com/articles/2010_Change:_HUD_Condominium_Approval_for_Reverse_Mortgages.php ... Wed, 27 Jan 2010 19:52:50 +0000 http://www.allrmc.com/articles/Can_you_leave_your_home_in_a_Reverse_Mortgage.php ... Thu, 14 Jan 2010 00:48:23 +0000 http://www.allrmc.com/articles/Reverse_Mortgage__Heirs:_How_much_will_you_owe_.php ... Wed, 30 Dec 2009 19:01:51 +0000 http://www.allrmc.com/articles/Should_you_get_a_Wells_Fargo_Reverse_Mortgage.php ... Wed, 30 Dec 2009 00:30:53 +0000 http://www.allrmc.com/articles/Merry_Christmas_from_All_Reverse_Mortgage_Company_.php ... Tue, 22 Dec 2009 19:29:35 +0000 http://www.allrmc.com/articles/Making_payments_on_a_Reverse_Mortgage,_Tax_Implications.php One of the most important benefits that reverse mortgage borrowers receive at closing is the freedom of no longer having to make required monthly... Wed, 16 Dec 2009 16:09:37 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_as_last_resort_-_Forbes.com_Gets_it_wrong!.php ... Sat, 12 Dec 2009 01:07:27 +0000 http://www.allrmc.com/articles/Appraisal_Changes_could_hurt_Reverse_Mortgages.php ... Mon, 07 Dec 2009 20:06:24 +0000 http://www.allrmc.com/articles/Welcome_to_the_Reverse_Mortgage_Phenomenon.php ... Fri, 04 Dec 2009 21:10:44 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_-_what_happens_after_death.php   ... Sun, 22 Nov 2009 19:08:47 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Fees_-_Cost_of_a_HECM_loan.php Borrowers and their families looking at the possibility of obtaining a reverse mortgage are understandably concerned about the fees / costs of the loan.... Sat, 07 Nov 2009 00:57:28 +0000 http://www.allrmc.com/articles/The_Reverse_Mortgage_Elder_Protection_Act_of_2009.php Governor Schwarzenegger has ... Wed, 14 Oct 2009 18:43:46 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Disadvantages_-_Top_things_you_should_know.php I had a long conversation with a potential borrower yesterday.  He said that he had spoken with a couple of loan originators... Fri, 09 Oct 2009 21:07:48 +0000 http://www.allrmc.com/articles/HUD_-_Congress_Hack_Reverse_Mortgage_Limits.php ... Wed, 23 Sep 2009 22:59:41 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_-_Post_Closing_FAQ.php ... Wed, 09 Sep 2009 21:44:46 +0000 http://www.allrmc.com/articles/The_Reverse_Mortgage_Stigma_II_.php Yesterday I wrote an... Tue, 25 Aug 2009 18:09:23 +0000 http://www.allrmc.com/articles/The_Reverse_Mortgage_Stigma.php ... Mon, 24 Aug 2009 19:35:40 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_and_Foreclosure.php ... Wed, 19 Aug 2009 22:29:59 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_for_Seniors_-_limits_may_drop.php The Senate and House have both put forth different approaches to cover the request from the Federal Housing Administration’s for a $798 Million... Tue, 04 Aug 2009 20:33:36 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_cause_taxpayer_subsidy_-_limits_in_question.php ... Thu, 23 Jul 2009 21:17:08 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_for_Seniors_-_Things_to_Look_For.php ... Wed, 08 Jul 2009 20:27:28 +0000 http://www.allrmc.com/articles/Senior_Independence_with_a_Reverse_Mortgage.php Many senior homeowners feel like they've lost their independence to the high cost of living on a fixed income. Even those who planned carefully are finding that the pension and... Tue, 30 Jun 2009 18:21:01 +0000 http://www.allrmc.com/articles/The_Steps_to_Getting_a_Reverse_Mortgage.php ... Fri, 26 Jun 2009 22:05:44 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Rates,_Treasuries_come_to_an_end..php On June 1, 2009, ... Tue, 09 Jun 2009 21:39:47 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_introduced_to_Manufactured_Condominiums.php ... Tue, 26 May 2009 22:53:04 +0000 http://www.allrmc.com/articles/2009_Reverse_Mortgage_Changes_-_Co-Op,_Limits,_Purchase,_Margins.php ... Wed, 20 May 2009 17:19:56 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_-_The_Line_of_Credit_That_Grows._.php The line of credit reverse mortgage is still the most popular option for senior borrowers when choosing how... Tue, 12 May 2009 15:38:29 +0000 http://www.allrmc.com/articles/HECM_Counseling_Requirements_Causing_Seniors_Problems.php In their continuing... Wed, 29 Apr 2009 20:32:49 +0000 http://www.allrmc.com/articles/Fixed_Rate_Reverse_Mortgage.php ... Wed, 22 Apr 2009 00:23:50 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Counseling_Certification.php ... Thu, 02 Apr 2009 20:02:24 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Rates..._Margins_Rise_Again_.php I always have people... Thu, 26 Mar 2009 23:42:48 +0000 http://www.allrmc.com/articles/Purchase_Reverse_Mortgage,_Sellers_and_Builders_Need_Education.php HUD put out a Mortgagee Letter in October of 2008 in which they outlined a method by which they were going to calculate benefits under the purchase reverse... Fri, 20 Mar 2009 19:10:14 +0000 http://www.allrmc.com/articles/The_Reverse_Mortgage..._A_Lifeline_for_Seniors_During_Recession.php ... Wed, 04 Mar 2009 20:15:03 +0000 http://www.allrmc.com/articles/New_Reverse_Mortgage_Limit_of_$625,500_Is_Out!.php ... Wed, 25 Feb 2009 19:57:17 +0000 http://www.allrmc.com/articles/Appraised_Value_for_Purchase_Reverse_Mortgages...HUD_Answers.php I spoke with Judy Nash Ellis of the Atlanta Home Ownership Center (HOC) just minutes ago.  Ms. Ellis confirmed that HUD has now posted guidelines on their... Sat, 21 Feb 2009 00:02:46 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_Limits_Raise_to_$625,500.php 02/25/2009 - Official $625,000 Reverse Mortgage Loan Limit Mortgagee Letter 2009-07 Raises Limits to... Sat, 14 Feb 2009 00:46:26 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_for_Home_Purchase,_Any_Word.php We keep getting calls from would be borrowers, their families and from other interested parties about the home purchase reverse mortgage program asking if... Thu, 12 Feb 2009 17:54:59 +0000 http://www.allrmc.com/articles/625,500_Reverse_Mortgage_Calculator_-_HECM_Limits_Compared_.php 2/25/2009 - Official $625,000 Reverse Mortgage Loan Limit Mortgagee Letter 2009-07 Raises Limits to... Tue, 03 Feb 2009 18:14:47 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Essentials_-_FREE_Download_.php Click on Banner to get your copy today! ... Mon, 02 Feb 2009 21:35:48 +0000 http://www.allrmc.com/articles/Economic_Stimulus_Help_Seniors_with_Reverse_Mortgages.php ... Fri, 30 Jan 2009 23:16:30 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Limits_and__New_Hopes_for_All_.php Call (888) 801-2762 Ext 1. to learn more 02/17/2009 News Following this Post: Implementing the New $625,500 HECM... Tue, 20 Jan 2009 19:48:21 +0000 http://www.allrmc.com/articles/Possible_$625,500_Reverse_Mortgage_Limits,_NEW_HUD_Secretary.php ... Wed, 14 Jan 2009 23:12:53 +0000 http://www.allrmc.com/articles/Purchase_Reverse_Mortgage_Update.php The Housing and Economic... Fri, 09 Jan 2009 21:44:51 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Update_-__Purchase,_Limits,_Coops.php NRMLA Status: Pending Mortgagee Letters 12/17/2008 Update from NRMLA (... Wed, 17 Dec 2008 18:33:00 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_-_how_they_work_.php ... Tue, 09 Dec 2008 23:30:30 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_-_Pros_and_Cons.php ... Mon, 08 Dec 2008 16:31:25 +0000 http://www.allrmc.com/articles/Mortgage_Foreclosures_Soar_-_at_an_All_Time_High.php ... Fri, 05 Dec 2008 19:00:22 +0000 http://www.allrmc.com/articles/Home_Purchase_Reverse_Mortgage_-_Down_Payment_Requirements.php We specialize in Reverse Mortgages for both Purchase and Refinances. A reverse mortgage enables senior... Thu, 13 Nov 2008 15:38:12 +0000 http://www.allrmc.com/articles/Purchase_Reverse_Mortgages_-__Almost_Here!.php ... Wed, 29 Oct 2008 22:59:25 +0000 http://www.allrmc.com/articles/Low_Rates_for_Fixed_Rate_Reverse_Mortgages.php 06/17/2010 ... Tue, 28 Oct 2008 21:28:46 +0000 http://www.allrmc.com/articles/HUD_Clarification_on_Reverse_Mortgages.php 10/10/2008 Many senior homeowners have been anxiously waiting for HUD to issue the Mortgagee Letters so that lenders could implement the changes in the Home... Fri, 10 Oct 2008 19:33:25 +0000 http://www.allrmc.com/articles/The_Stock_Market,_Disappearing_Pension_Funds_and_Reverse_Mortgages.php Over the last 8 days, the Dow Jones Industrial Stocks have lost 13.6%, which is roughly 1,500   points.  While this does not qualify as the largest drop in stock... Tue, 07 Oct 2008 23:14:14 +0000 http://www.allrmc.com/articles/FHA_Announces_$417,000_HECM_Loan_Limit.php ... Thu, 02 Oct 2008 14:37:55 +0000 http://www.allrmc.com/articles/Reverse_Mortgages,_Bailouts,_Latest_Scam_.php There is a new scam out involving reverse mortgages that everyone needs to be aware of as it doesn't affect just senior borrowers. It seems that in... Tue, 30 Sep 2008 21:11:11 +0000 http://www.allrmc.com/articles/Jumbo_Reverse_Mortgages_-_a_Dying_Breed_.php By now, if you have been watching the news at all you've either read or heard all about the... Thu, 25 Sep 2008 16:14:46 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Rates..._Index_+_Margin_=_Your_Money.php The passage of HR 3221 will bring many welcome and positive changes to senior homeowners as they relate to reverse mortgages.  However, there are other things... Thu, 14 Aug 2008 22:06:39 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Components_-_HR_3221_Housing__Economic_Recovery_Act.php Key Components of the Housing Bill 1.)  Lending Limits*   Maximum... Tue, 12 Aug 2008 17:21:58 +0000 http://www.allrmc.com/articles/Senior_Homeowners_and_the_Sweeping_Measure_Signed_into_Law_(HR_3221).php Today, President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been... Wed, 30 Jul 2008 17:56:15 +0000 http://www.allrmc.com/articles/House_Passes_HR_3221.php Late yesterday, the House passed HR 3221, the Housing and Economic Recovery Act of 2008, by a floor vote of 272 (yes) to 152 (no). This House version includes amendments that... Thu, 24 Jul 2008 19:36:18 +0000 http://www.allrmc.com/articles/Credit_Lines_FREEZE_but_not_for_Reverse_Mortgages.php Life doesn't hold too many real guarantees anymore. Seniors work hard their whole lives and expect to receive a pension and often those pension funds aren't available or the... Thu, 17 Jul 2008 19:58:41 +0000 http://www.allrmc.com/articles/FHA_Modernization_and_Reverse_Mortgages.php Fed Chairman Ben Bernanke spoke again today, this time about inflation, economic growth and the possibility of future rate hikes. A full story on the speech can be found on Wall... Wed, 16 Jul 2008 15:01:55 +0000 http://www.allrmc.com/articles/IndyMac_Failure,_May_Distress_Senior_Homeowners.php ATTENTION: SINCE THIS ARTICLE WAS PUBLISHED INDYMAC BANK OFFICIALS HAVE MADE THE FOLLOWING STATEMENTS "Customers of IndyMac's reverse mortgage subsidiary will retain unfettered... Thu, 10 Jul 2008 16:25:17 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_and_Journalistic_Opportunism.php On July 5th 2008, Robert Powell of the Wall Street Journal online posted an article which quotes the Chief Executive of The Financial Industry Regulatory Authority (FINRA), Mary... Tue, 08 Jul 2008 21:41:27 +0000 http://www.allrmc.com/articles/Senior_Independence_with_a_Reverse_Mortgage.php What better day to talk about obtaining your financial independence than on Independence Day?! I don't think our forefathers ever considered the right to a reverse mortgage... Wed, 02 Jul 2008 04:52:05 +0000 http://www.allrmc.com/articles/Jumbo_Reverse_Mortgages_and_Whats_Happening_To_The_Market.php If you have been reading the articles about jumbo or proprietary reverse mortgages available, you may be wondering what is going on. A jumbo or proprietary reverse mortgage is... Tue, 10 Jun 2008 00:19:23 +0000 http://www.allrmc.com/articles/To_Sell_or_To_Reverse.php Many people are not aware of all the opportunities available to senior borrowers with the Reverse mortgage program. For example, did you know that HUD does not require any... Tue, 20 May 2008 18:03:22 +0000 http://www.allrmc.com/articles/House_Passes_FHA_Modernization.php Yesterday, the U.S. House of Representatives passed a comprehensive housing package comprised of two separate bills. The first bill, H.R. 3221, has as its centerpiece, an... Mon, 12 May 2008 19:03:08 +0000 http://www.allrmc.com/articles/HUD_Permits_Borrower-Paid_Counseling.php HUD Permits Borrower-Paid Counseling Today, the U.S. Department of Housing and Urban Development published Mortgagee Letter 2008-12 to permit counseling agencies to charge... Mon, 12 May 2008 19:02:14 +0000 http://www.allrmc.com/articles/Fixed_Rate_Vs_Adjustable_Rate_Reverse_Mortgages.php Being the age I am and having more than 32 years experience in the mortgage banking industry, I always choose fixed rate mortgages... Thu, 06 Mar 2008 22:04:59 +0000 http://www.allrmc.com/articles/Is_It_a_Good_Time_for_a_Reverse_Mortgage.php As industry professionals, we often have an opportunity to sit in on conference calls on market trends and other things that affect reverse mortgages and the senior borrowers... Thu, 06 Mar 2008 18:38:08 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Costs_Explained_.php Reverse Mortgage Loans are unlike traditional loans or forward mortgages in many ways. Even the costs are figured differently. Because a Reverse Mortgage is often paid to... Wed, 05 Mar 2008 23:06:48 +0000 http://www.allrmc.com/articles/Comfort_in_Your_Reverse_Mortgage_.php I just finished reading yet another article on the internet by AP Economics writer, Martin Crutsinger, in which he states Sales of existing homes fell to the lowest level... Wed, 05 Mar 2008 23:05:12 +0000 http://www.allrmc.com/articles/No_Cost_Reverse_Mortgage!_.php Reverse Mortgages are a very good tool for many senior borrowers to enable them to access the equity in their home while never having to make another payment as long as they... Mon, 25 Feb 2008 02:01:21 +0000 http://www.allrmc.com/articles/Non-Recourse_Explained_.php One of the things that we always explain to senior borrowers when they ask about reverse mortgages is that they are non-recourse loans. The next question is always, "What is... Wed, 20 Feb 2008 19:01:42 +0000 http://www.allrmc.com/articles/Purchase_your_home_with_a_Reverse_Mortgage.php Many senior homeowners have lived in their homes for a very long time, have no desire to move and have gotten reverse mortgages so that they can continue to live in their homes... Fri, 08 Feb 2008 22:58:44 +0000 http://www.allrmc.com/articles/No_Closing_Cost_Reverse_Mortgage_.php Reverse Mortgages are a very good tool for many senior borrowers to enable them to access the equity in their home while never having to make another payment as long as they... Mon, 04 Feb 2008 23:14:28 +0000 http://www.allrmc.com/articles/Stop_Foreclosure_with_a_Reverse_Mortgage.php Reverse Mortgages are not short term, hard money, bridge or balloon loans normally associated with the type of loans people are forced to get to stop a foreclosure... Wed, 30 Jan 2008 16:19:12 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Rip_Off.php I just finished reading an article about a network news program that did a negative report on reverse mortgages, citing an incident in Los Angeles of a senior borrower who... Wed, 30 Jan 2008 16:18:07 +0000 http://www.allrmc.com/articles/Can_You_Refinance_a_Reverse_Mortgage.php I received a call from the son and daughter of a senior borrower today and they wanted to know if their mother could refinance her reverse mortgage loan. I answered them... Wed, 30 Jan 2008 16:16:39 +0000 http://www.allrmc.com/articles/What_Does_the_Lender_need_to_Know.php You've made the decision to get a reverse mortgage and you've heard that there is no income or credit qualifying so you think you will have no issues getting your loan. All... Wed, 30 Jan 2008 16:13:26 +0000 http://www.allrmc.com/articles/FHA_Modernization_Bill,_What_It_Means_To_You.php Are you currently thinking about a reverse mortgage? Have you been told that with your property value, you really might be better off going with a jumbo or proprietary... Wed, 30 Jan 2008 16:12:50 +0000 http://www.allrmc.com/articles/Using_a_Reverse_Mortgage_to_Purchase_a_Home.php Did you know that if you are a senior borrower, aged 62 and over you can use a reverse mortgage to purchase a home as well as just to refinance your existing home? Many... Wed, 30 Jan 2008 16:11:26 +0000 http://www.allrmc.com/articles/Common_Use_of_Reverse_Mortgage_Funds.php As I talk to borrowers and their families, I'm often asked what restrictions there are on the use of the funds from a reverse mortgage. The answer is simple, there are no ... Wed, 30 Jan 2008 16:10:43 +0000 http://www.allrmc.com/articles/When_is_a_Reverse_Mortgage_NOT_Right.php I have seen a lot of good that Reverse Mortgages have done for senior borrowers. I've seen them change lives and living situations for the... Wed, 30 Jan 2008 16:10:04 +0000 http://www.allrmc.com/articles/When_is_a_Reverse_Mortgage_RIGHT.php Since first offering reverse mortgages, I've often been asked, "How do I/we know if a reverse mortgage is right... Wed, 30 Jan 2008 16:09:30 +0000 http://www.allrmc.com/articles/Difference_between_HECM_.php You've made the decision to get a reverse mortgage and now you talk to a bank or mortgage broker and the representative is telling you that you have a choice of the... Wed, 30 Jan 2008 16:08:44 +0000 http://www.allrmc.com/articles/Fixed_Rate_Reverse_Mortgages_.php Many senior borrowers who start looking into reverse mortgages are not aware of it, but there is a fixed rate Home Equity Conversion Mortgage (HECM) available. The HECM or... Wed, 30 Jan 2008 16:07:02 +0000 http://www.allrmc.com/articles/Reverse_Mortgage_Myths_.php Have you been considering a reverse mortgage but are just afraid of some of the negative things you've heard? There are some negative "myths" that senior borrowers have heard... Wed, 30 Jan 2008 16:05:00 +0000 http://www.allrmc.com/articles/Stay_at_home_with_a_Reverse_Mortgage.php There seems to be a new phenomenon in the mortgage world known as the reverse mortgage. The ads touting how they can improve quality of life are everywhere and if you're a... Wed, 30 Jan 2008 05:05:35 +0000 http://www.allrmc.com/articles/Reverse_Mortgages_and_Their_Growing_Popularity.php Many senior borrowers who start looking into reverse mortgages are not aware of it, but there is a fixed rate Home Equity Conversion Mortgage (HECM) available. The HECM or... Tue, 29 Jan 2008 22:14:58 +0000