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Special Report on

Marketing Reverse Mortgages To Seniors

marketing reverse mortgages to seniors special research report Photo by
It is a sad fact that most people who financially exploit the elderly get away with it. They often find it so easy that they do it time and time again. Each time the Exploiter becomes more and more bold. They act as though they are entitled to this money and no one else deserves it. This is why they must be prosecuted. There will be another victim. Prosecuting these crimes is difficult for the State Attorney because of how it is done. In my career as a Professional Geriatric Care Manager in South Florida I have noticed a definite step-by-step process, almost a formula, that these Exploiters use to separate elders from their life ...
(1976–1997). At its peak in the 1980s, Wang Laboratories had annual revenues of $3 billion and employed over 40,000 people. The company was always directed by Dr. Wang, who played a personal role in setting business strategy and product strategy; he also took steps to ensure that the Wang family would retain control of the company even after going public. He created a second class of stock, class B, with higher dividends, but only one-tenth the voting power of class C. The public mostly bought class B shares; the Wang family retained most of the class C shares. (The letters B and C were used to ensure that brokerages would fill ...
Reverse Mortgage Lending | Reverse Mortgage Leads – Qualified ...
want to remain in their home for the rest of their lives . ·  63% of homeowners from 65 to 74 years old have no mortgage at all . ·  $3 trillion in estimated equity in homes owned by seniors. ·  13.2 million households are candidates for a Reverse Mortgage .   Qualified Seniors 62+ Who Need Cash   Across the country, more and ... market research, surveys and trends
With High FHA Loan Limits, Hard for Private Reverse Mortgages to ...
During the Mortgage Bankers Association Secondary Marketing conference in New York last week, David Stevens, Federal Housing Administration (FHA) commissioner stressed to attendees the need to bring private markets back into the mortgage business.  “This is a market purely on life support, sustained by the federal government,” he said. “Having FHA do this much volume is a sign of a very sick system.” While the statement was directed at the mortgage business in general, it especially rings true in the reverse mortgage business. The reverse mortgage industry has always relied heavily on FHA’s HECM program, but proprietary ... market research, surveys and trends


National Association to Stop Guardian Abuse: October 2009
Probate Judge Eduardo Gamboa released Yepez from her state-mandated guardianship. He ordered her appointed guardian, El Paso lawyer Hector Phillips, to transfer her property back to her within 45 days. Phillips and Yepez are scheduled to meet today to take inventory of her jewelry. "I wish you luck, and please watch your spending so you can have some cushion for your needs in the future," Gamboa told Yepez. Gamboa also ordered Phillips to write a $200 check to accountant Karen Carson to complete Yepez's 2007 and 2008 tax returns, which were never filed. Gamboa appointed Carson in August to audit Yepez's estate. industry trends, business articles and survey research
Reverse Mortgages for Aging in Community - Reverse Mortgage factsheet
Growing use of reverse mortgages could have major implications both for ... Home ownership status unknown among 1% of total households (0.4 million). ... Adult children (63 percent) are more likely than seniors (43 percent) to ... Two- Thirds of US Adults Believe Current Mortgage Product Advertising and Marketing ... industry trends, business articles and survey research
Preventing fraud and identity theft
This column contains tips for preventing telemarketing and Internet fraud, identity theft, Wi-Fi hacking, and other scams. Additional tips on personal safety and security, home and vehicle security, vacation safety and security, senior safety and security, preventing crimes against businesses, reporting crime and suspicious activities, reporting suspicious activities for terrorism prevention, reporting disorder and other problems, obtaining crime information, dealing with homeless people, and starting a Neighborhood Watch program are available in the Crime Prevention and Education section of the SDPD website at ... market trends, news research and surveys resources


Subprime Revisited
Those marketing ef- forts have moved to the reverse mortgage market where many seniors may be drawn into reverse mortgages that they do not need. ... technology research, surveys study and trend statistics
McCaskill Amendment Will Protect Seniors From Reverse Mortgage ...
– U.S. Senator Claire McCaskill late Thursday spoke on the floor about an amendment that aims to protect seniors from aggressive marketing and predatory lending amid the rapid growth of the reverse mortgage industry.  The provision, which is similar to legislation introduced by McCaskill in December, was filed as an amendment to the Foreclosure Prevention Act, a housing stimulus package being considered on the Senate floor this week. McCaskill’s amendment would help to protect seniors by ensuring they receive independent counseling prior to signing up for a reverse mortgage.  The U.S. Department of Housing ... technology research, surveys study and trend statistics
Testimony of Jeffrey Taylor
Good morning. My name is Jeff Taylor. I currently serve as Vice President - Senior Products Group at Wells Fargo Home Mortgage, Inc., one of the nation's leading providers of reverse mortgages. I also have the honor and privilege of serving this year as co-chair of the National Reverse Mortgage Lenders Association (NRMLA) on whose behalf I'll be speaking today. NRMLA is a national nonprofit trade association whose member firms originate and service reverse mortgages in the U.S. and Canada. Working with its members, NRMLA strives to promote greater public awareness and acceptance of reverse mortgages. At the outset, I ...
Comments on Reverse of Mortgage Success - Marketing Reverse ...
From what I understand, you can receive monthly payments or receive a 'lump sum' pay off your mortgage, buy a car, pay bills, invest...anything you want to do with the $...if you're of a certain age... There must be a 'catch'...any idea what the interest rate is that the bank charges? Although I can do research on it, I'd love to hear about your 'actual experience'. How did it work out for you? What's a reverse mortgage, you ask? It's a mortgage where the bank pays you in exchange for the equity in your home. Sounds great -- in principle. But opponents see reverse mortgages ...
Comments on What are the benefits and drawbacks of Reverse Mortgages?
Mortgages go to Reverse Mortgage are really good and safe. Its a win win situation for the Seniors 62 and older. The only people who do not like Reverse Mortgages are the heirs of the property or usually people who don't really understand them. A lot of bad situations have been helped by Reverse Mortgages. You don't have anything to loose because you will be gone at the End of the mortgage and you have $$$$$$$$$$$$$$$$$ to gain while you are still alive! What's a reverse mortgage, you ask? It's a mortgage where the bank pays you in exchange for the equity in your home. Sounds great -- in ...