Tag Archives: homeowner

Changes from Federal Housing Administration Could Mean Revival of Reverse Mortgage Market

A recent article from Bankrate noted that the “housing market bust correlated strongly with a sharp decline in reverse mortgage origination.” However, with federally insured programs due to make some changes, the product could experience a resurgence. Data from the Federal Housing Administration (FHA) indicated a significant volume increase during the height of the housing […]

Affordable Financial Services LTD’ Weekly Finance Review

Home prices are falling in most major U.S. cities, as reported by Bloomberg BusinessWeek. At least 10 major U.S. markets, including New York, are at their lowest point since the housing boom of 2006-2007. According to The Standard & Poor’s/Case-Shiller city index, home prices fell in 19 out of the 20 major cities. The record […]