NewRetirement Retirement News Digest : About Reverse Mortgages
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NewRetirement Retirement News Digest

Browse the news below to learn about important developments shaping retirement.

About Reverse Mortgages (RSS)

State Employees' Credit Union Rolls out Consumer-Friendly Reverse Mortgage
MarketWatch - August 4, 2008   RALEIGH, N.C., Aug 04, 2008 (BUSINESS WIRE) -- State Employees' Credit Union (SECU) is pleased to announce a consumer-friendly reverse mortgage designed to help senior members utilize the wealth in their homes in Read More
Seniors Get a Gift from the New Housing Law
Kipinger - August 4, 2008 When trying to figure out who benefits from the new housing law, don't forget to count seniors who are in the market for a reverse mortgage. These mortgages let seniors convert some of their home equity into a stream of income, Read More
Reverse mortgages: Bad rap or bad idea?
San Francisco Gate - August 1, 2008 Not so long ago I was at my father's house, and I heard him on the phone, arranging a visit with someone. When he hung up, I inquired about who he was making plans with. "A very nice guy who called me," he told me. Read More
Inside Congress's housing repair kit
The Boston Globe - July 31, 2008 The sweeping housing legislation signed yesterday by President Bush provides a tax credit for first-time home buyers, higher mortgage allowances for expensive markets such as Boston, property tax breaks, and a variety Read More
How to Financially Cope With Being Suddenly Single
US News & World Report - June 12, 2008 Widowhood poses special challenges in retirement. When Elaine Williams became a widow four years ago at age 47, she took on extra data-entry work to help make up for the loss of her husband's income. She also Read More
Seniors Considering Reverse Mortgages to Benefit Greatly from Housing Legislation
NRMLA -    July 28, 2008 Washington, D.C. – Landmark housing legislation (H.R. 3221) passed by Congress this weekend will make substantial improvements to the federally-insured reverse mortgage program and greatly benefit senior homeowners Read More
Housing Bill Has Something for Nearly Everyone
The New York Times - July 25, 2008 If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed Read More
Gender Split on Retirement Worries
The Wall Street Journal - July 27, 2008 The complexity of preparing financially for retirement can make anyone nervous -- but a new survey finds women are more worried than men about the challenges ahead, particularly inflation, health-care costs and Read More
Social Security Unveils a New Online Calculator
US News & World Report - July 21, 2008 It's difficult to plan for retirement when you can't predict the precise amount of your Social Security checks. A new tool is available to more accurately estimate what your Social Security benefits will be. Read More
Next IndyMac Task for FDIC: Find Buyers
Financial-Planning.com - July 23, 2008 A week after opening IndyMac Federal Bank to worried customers and a media frenzy, John Bovenzi sat in his sixth-floor chief executive's office laying out what the battered mortgage lender can still offer potential Read More
Reverse Mortgage Abuse on the Rise
NewRetirement Editorial Note:  NewRetirement shares some of the concerns voiced by the authors of this article.  In particular, we are carefully watching the impact of a rapidly increasing number of brokers entering the reverse mortgage market.  Read More
Historic Financial Collapse Underway?
Seeking Alpha - July 20, 2008 I tend to be in hotel rooms when bubbles burst. On January 6, 2000, I was on the 30th-something floor of the Marriott hotel across the street from the convention center in San Francisco. I was jet lagged and up working Read More
Uncomfortable Answers to Questions on the Economy
The New York Times - July 19, 2008 You have heard that Fannie and Freddie, their gentle names notwithstanding, may cripple the financial system without a large infusion of taxpayer money. You have gleaned that jobs are disappearing, housing prices Read More
A Generation Gap in Retirement Planning
US News & World Report - July 16, 2008 Almost everyone aims to attain financial security in retirement. But each succeeding generation expects to be more self-reliant than the preceding one, according to a new online survey by Charles Schwab, Age Read More
The Fannie and Freddie Fallout
New York Times - July 13, 2008 IT’S dispiriting indeed to watch the United States financial system, supposedly the envy of the world, being taken to its knees. But that’s the show we’re watching, brought to you by somnambulant regulators, greedy bank Read More
 
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