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Secondary Market Halts Jumbo Reverse Mortgages

By admin on December 13, 2010

The last jumbo or proprietary reverse mortgage lender in the market just announced today that they are suspending their jumbo reverse mortgage program. Their official announcement came out at 5:00 tonight stating that any loans in their pipeline must close by November 26, 2008 or the loans would have to be changed to the government [...]

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Jumbo Reverse Mortgages – a Dying Breed

By admin on October 2, 2009

By now, if you have been watching the news at all you’ve either read or heard all about the bankruptcy of Lehman Brothers and the Sale of Merrill Lynch to Bank of America. Many senior homeowners can find relief in the fact that any of the funds that they may have had on deposit with [...]

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