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Next Entries »Insight Bank to Offer Homeowners Flexibility With Reverse Mortgages
Thursday, September 6th, 2007Homeowners in their golden years will soon have relief from rising expenses, and it’s coming from a familiar source: their homes.
Insight Bank announced this week it will offer reverse mortgages, which allow homeowners age 62 and up to convert part of their home equity into tax-free income. Payouts can come as a lump sum, [...]
President Bush Discusses Homeownership Financing
Wednesday, September 5th, 2007THE PRESIDENT: Good morning. Thank you for joining me. Secretary Paulson and Secretary Jackson gave me an update on the strong fundamentals of our nation’s economy. Economic growth is healthy, and just yesterday we learned that our economy grew at a strong rate of 4 percent in the second quarter of this year. Wages are [...]
200,000 MORE FAMILIES COULD AVOID FORECLOSURE WITH CONGRESS’ HELP
Wednesday, September 5th, 2007Jackson letter to Congress: “Time to act on FHA reform is now”
WASHINGTON - More than 200,000 families could avoid foreclosure under pending legislation to reform HUD’s Federal Housing Administration (FHA). That was the message U.S. Housing and Urban Development Secretary Alphonso Jackson is delivering to Congress as they return from their August recess and consider [...]