RISMEDIA, March 10, 2010—Golden Gateway Financial, a financial resource for seniors and retirees, recently released new usage data from its online Reverse Mortgage Calculator that showed average home values for older Americans have halted their slide after remaining flat or declining…
David Hall is expected to formally announce Wednesday that he is back in the mortgage business with the launch of Birmingham-based Hall Financial.
In our market today it’s hard to understand all the different terminology for homes being sold. What is a “short sale?” A short sale is a process when the lender of a property allows the property to be sold for less than the amount owed on the mortgage loan. Why would an owner consider a short sale?
The U.S. Federal Reserve is taking an additional measure to lay the groundwork for draining excess reserves from the banking system, as it seeks to remove some of the $1 trillion in cash it injected during the global credit crisis.
The U.S. Federal Reserve is taking an additional measure to lay the groundwork for draining excess reserves from the banking system, as it seeks to remove some of the $1 trillion in cash it injected during the global credit crisis. credit crisis.
The approval of the long-awaited mortgage law in Saudi Arabia this year is expected to curb sharp increases in property prices, spur bank credit and encourage investment in the sector, a Saudi official said.
Any potential asset sales from the central bank’s enormous holdings of mortgage-backed securities will come in a gradual and passive manner, the No. 2 official at the New York Fed says.
By Richard Leong
ATLANTA----William Mills III, chief executive officer of William Mills Agency, the nation’s largest independent financial PR and technology public relations firm, spoke February 25 at the National Reverse Mortgage Lenders Association Roadshow about the importance of public relations as part of reverse mortgage lenders’ marketing and advertising plans.
Gary Onks answered more than 30 questions about what reverse mortgages are and how they work during Tuesday's Money Talk$. He is the regional branch manager of Reverse Mortgage USA in Spotsylvania County. Reverse mortgages are loans for people over the age of 62 that let them tap the equity in their homes without having to repay the money until they, or their estate, sell the house....
