Tag Archive | "reverse mortgages"

Stimulus bill gives reverse mortages a jolt

The reverse mortgage market is growing sharply due to provisions in the economic stimulus bill, according to the Los Angeles Times ,which cites Federal Housing Administration data showing a 17 percent increase in the number of loans the agency insured in March. The recently signed economic stimulus bill temporarily lifts the limit on the size of [...] [...more]

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Housing slump creates a problem for seniors who need to sell

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