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Monthly Archives: August 2009
AARP to Take Over Las Vegas for ‘Vegas@50+’ National Event & Expo – October 22-24, 2009
WASHINGTON, Aug. 18 /PRNewswire-USNewswire/ — AARP, the world’s largest member organization for people 50+ with 40 million members, today announced it will bring its annual National Event & Expo to the city of Las Vegas on October 22-24, 2009. Aptly … Continue reading
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Studies Detail HUD’s Risk for HECM Loans
Home values, loan amounts, and the way seniors use home equity conversion mortgages impact the Federal Housing Administration’s potential liability for its reverse mortgage program, recent studies show. If the Department of Housing and Urban Development had used the same … Continue reading
Posted in Past Stories
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Fannie Mae Holds $49B in Reverse Mortgages
Fannie Mae’s reverse mortgage portfolio grew by more than $7 billion between Dec. 31 and June 30, according to the government-sponsored enterprise’s second-quarter financial report. Fannie Mae reported slightly different amounts for the outstanding unpaid principal balance of reverse mortgages. … Continue reading
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Generation Mortgage Offers First Continuing Education Course for California Realtors on HECM for Purchase
Generation Mortgage Company(TM) has created the first-ever continuing education class on Home Equity Conversion Mortgage (HECM) for Purchase loans for California realtors. The California Department of Real Estate-approved course, titled “Reverse Mortgage Opportunities and Consumer Protections for Senior Clients,” is … Continue reading