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Estate Planning
: North Carolina Estate Planning BlogReverse Mortgages - the Impact on Older Homeowners
By Greg Herman-Giddens
From a recent AARP report: reverse mortgages offer older homeowners a way to tap home equity to meet financial needs in retirement. However, the collapse of the mortgage market in 2008–2009 has led to major changes that impact consumer choices. While consumers have more product choices, reverse mortgages are generally more expensive and more complicated—leading to more scrutiny from Congress and regulatory agencies charged with protecting consumers.
Full post as published by North Carolina Estate Planning Blog on March 01, 2011 (boomark / email).
Reverse Mortgages
Consumer facts
The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets
Stock Splits and Reverse Stock Splits
How splits can affect stock value
Mirrors
Recalled Due to Impact and Laceration Hazards
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.
Kitec
Majestic Plumbing to Pay Homeowners $475,000
Katrina Insurance
Homeowners Awarded the Maximum
Racketeering Class Action Filed on Behalf of Foreclosed New York State Homeowners
Racketeering Class Action Filed on Behalf of Foreclosed New York State Homeowners

Defaults On Reverse Mortgages Spike As Elderly Fail to Keep Up With Property Tax, Insurance Payments
Reverse Mortgages Can Be a Snare for the Elderly
Proposed guidelines for reverse mortgages spell out potential pitfalls for homeowners
Industry Warns Senate on Reverse Mortgages
Should We Pay $800 Million For FHA Reverse Mortgages









