Reverse Mortgage Rates – February, 3 2009
The average 10-year Treasury rate rose by 19 bp last week, and today it’s down 12 bp from Friday. Interesting times. With some offering HECM T+300 and HECM T+325, we’re no longer in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates.
This [...]
S&P: Celink Upgraded As Residential Reverse Mortgage Servicer
Standard & Poor’s recently announced that it raised its ranking on Celink, a privately owned mortgage service to Above Average from Average as a reverse mortgage servicer. According to the press release, Celink’s upgraded ranking is based on its management team, a significantly improved proprietary technology system, and superior policies which enable it to [...]
About Reverse Mortgage - Tell Me How it Works!
By searching for more reverse mortgage information you are obviously very interested in just what is a reverse mortgage, including perhaps more information on an FHA reverse mortgage. And, in particular, I’m sure you want to know more about reverse mortgages in general and how they work.
First of all, the vast majority of reverse mortgages [...]