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Real Estate
The Real Estate Adviser |
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September 23, 2004
The Real Estate Adviser: Reverse mortgage loans are getting hot
By TOM KELLY
Special to the Journal
Special to the Journal
CHICAGO — John Weicher looked like an accountant who couldn't believe his own numbers.
Weicher, the Department of Housing and Urban Development's assistant secretary for housing who oversees all FHA programs, told 400 lenders gathered for the recent National Reverse Mortgage Lenders Association's annual meeting that the number of federally insured reverse mortgage loans had doubled 2003's volume, surprising his department and prompting the need more add staff to handle the flow.
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Previous columns:
- The Real Estate Adviser: Snowbirds can get help with their flight plans, 09-16-2004
- The Real Estate Adviser: This mortgage scam targets young couples, 09-09-2004
- The Real Estate Adviser: Credit fraud, repair: two separate battles, 09-02-2004
- The Real Estate Adviser: Raffling a house can benefit seller, nonprofits, 08-26-2004
- Real Estate Adviser: Should agents also originate loans?, 08-12-2004
- The Real Estate Adviser: Mortgage insurance confusing, 08-05-2004
- The Real Estate Adviser: Vacations complicate your real estate deal, 07-29-2004
- The Real Estate Adviser: Older folks dream of owning homes, too, 07-22-2004