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Countrywide mortgage loan production sank 48 percent in October - November 13, 2007
Countrywide, the nation's largest mortgage lender, generated $21.9 billion in mortgage loan fundings in October, down 48 percent from $41.8 billion the year-ago month.

Reverse Mortgages To Back Bond Issue - November 7, 2007
Ginnie Mae Plan Is Designed to Raise
Market's Liquidity

Baby Boomers Prefer the Big "O" Over "The Donald" - September 26, 2007
To follow up on the Who Is Your Favorite Reverse Mortgage Spokesman post, I thought I’d point out that apparently the 50 and older crowd would prefer Oprah as their real estate agent over “The Donald”. This comes from a survey conducted by ERA Real Estate as part of its annual home ownership survey of adults aged 50-plus nationwide.

Grandparent’s Cost Index From Liberty Reverse Mortgage - September 24, 2007
Liberty Reverse Mortgage and Sacramento State University worked together to compile the second annual Grandparent’s Cost Index®

Financial Freedom HECM Fixed Details - September 23, 2007
Last week Financial Freedom announced the release of their new HECM Fixed product.

More seniors are turning to reverse mortgages - September 10, 2007
Using a home equity line of credit, David Casey and his wife Joyce made some much-needed improvements around their house. New carpet. Updated plumbing. But the credit line's interest kept jumping, pushing their monthly payment to nearly $1,000 from $600.

Wells Fargo Gets Into The Reverse Mortgage Wholesale Business - August 30, 2007
It’s official… the largest HECM originator in the country has entered the reverse mortgage wholesale business.

New Jumbo Reverse Mortgage Products From 1st Reverse - August 28, 2007
While there has been talk of lenders no longer offering the HECM 100, 1st Reverse Financial continues to release new products to their brokers.

TWO MILLION MORE SENIORS COULD ACCESS REVERSE MORTGAGES UNDER FHA REFORM PROPOSAL - August 21, 2007
Congressional action could give seniors the financial security they deserve

Realty Q&A: When to pay cash for a house; reverse mortgage rules (Market Watch) - August 9, 2007
WASHINGTON (MarketWatch) -- Question: If I can afford it, are there any pitfalls to paying cash for a house? Assuming all else being equal, is it more fiscally sound to own the house outright, or are there advantages to having a mortgage? I consider a home a place to live, not an investment. I invest in real estate via real estate investment trusts. The answer seems obvious to me, but other than ...

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Resource Center
Here you will find companies that are dedicated to growing your reverse mortgage business.
Investment Banks These companies are buying Reverse Mortgages.
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These companies are on the watch list so be careful.

Current Rates for the Week of November 20, 2007

FHA's HECM
Monthly Annual
Margin 1.00 1.25 1.50 2.60 2.85 3.10
APR 4.58 4.83 5.08 6.18 6.43 6.68
Expected Rate    5.22 5.47 5.72 6.82 7.07 7.32
1-Year CMT Index   3.58  16.7%
10-Year CMT Index    4.22  7.3%
FNMA's HomeKeeper
Margin 3.40 
1-Month CD Index    4.68  16.7%
Interest Rate 8.12  9.8%
Reverse Network can not be held accountable for the accuracy of the rates listed above

Zillow.com - Real Estate Valuations
HomeGain.com - Real Estate Valuations

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