Comments on: Housing Bill Cuts Reverse-Mortgage Fees http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/ Just another WordPress weblog Fri, 19 Mar 2010 20:37:51 -0400 http://wordpress.org/?v=2.8 hourly 1 By: David Simonds http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/comment-page-1/#comment-7235 David Simonds Wed, 01 Oct 2008 10:50:32 +0000 http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/#comment-7235 Hi, I greatly enjoyed looking through your blog and found some informative posts on finance.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values.If you are interested then please contact me at- davidsimonds007(at)gmail.com Thanks, David Hi,

I greatly enjoyed looking through your blog and found some informative posts on finance.I have also some finance related web sites having more information regarding various financial problems and its solutions.So,I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values.If you are interested then please contact me at- davidsimonds007(at)gmail.com

Thanks,
David

]]> By: AAOA - American Apartment Owners Association » Why Consumer Confidence is Key to Recovery http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/comment-page-1/#comment-7168 AAOA - American Apartment Owners Association » Why Consumer Confidence is Key to Recovery Mon, 29 Sep 2008 19:10:08 +0000 http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/#comment-7168 [...] See Tom Kelly’s feature Housing Bill Cuts Reverse Mortgage Fees. [...] [...] See Tom Kelly’s feature Housing Bill Cuts Reverse Mortgage Fees. [...]

]]> By: Yvette LeGrand http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/comment-page-1/#comment-6773 Yvette LeGrand Fri, 19 Sep 2008 12:57:27 +0000 http://www.american-apartment-owners-association.org/blog/2008/09/18/housing-bill-cuts-reverse-mortgage-fees/#comment-6773 Tom: The origination fee reduction is good for consumers, tho I believe that the minimum fee for the lowest value homes means that those owners pay a much greater percentage of their possible proceeds. There also had been some discussion of reducing the FHA insurance, but that's certainly not do-able now. I think, tho, that much of the pressure to forcast proceeds at the new limits is driven by the foreclosure problems in the forward market. Younger seniors, early retirees or those whose have been "outplaced" in middle America, who have lived for years in $300,000 homes with $200,000 mortgages can do little if they are strapped but hope to hang on and wait until new higher limits are formalized. I would certainly echo your basic premise, tho, which seems to be that for those who want or need reverse mortgages, they are invaluable. Tom: The origination fee reduction is good for consumers, tho I believe that the minimum fee for the lowest value homes means that those owners pay a much greater percentage of their possible proceeds. There also had been some discussion of reducing the FHA insurance, but that’s certainly not do-able now.

I think, tho, that much of the pressure to forcast proceeds at the new limits is driven by the foreclosure problems in the forward market. Younger seniors, early retirees or those whose have been “outplaced” in middle America, who have lived for years in $300,000 homes with $200,000 mortgages can do little if they are strapped but hope to hang on and wait until new higher limits are formalized.

I would certainly echo your basic premise, tho, which seems to be that for those who want or need reverse mortgages, they are invaluable.

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