TITLE

Boom Times

PUB. DATE
July 2007
SOURCE
National Mortgage News;7/23/2007, Vol. 31 Issue 42, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article reflects on the growth of reverse mortgages in Florida. He cites that reverse mortgages are increasing in the state even as existing home sales and condo sales show double-digit percentage declines. He predicts that the state will be the destination for retirement of the baby-boom generation. In addition, he stresses that consumers can benefit from reverse mortgages by giving them cash flow derived from the equity in their homes.
ACCESSION #
25939293

 

Related Articles

  • Cashing Out Of Your Home. Sisk, Michael // Bank Investment Consultant;Jun2007, Vol. 15 Issue 6, p28 

    The article discusses the potential increase in demand for reverse mortgages due to the 78 million baby boomers which are about to retire. The baby boomers are members of the 1950's generation and many of them have a huge amount of equity in their homes but does not have enough savings for their...

  • REVERSE MORTGAGES. DERNOVSEK, DARLA // Credit Union Magazine;Oct2011, Vol. 77 Issue 10, p30 

    The article focuses on the significance of a reverse mortgage in addressing concerns on underfunded retirements for baby boomers in the U.S. It talks about the efforts of credit unions (CUs) to work with vendors in order to offer reverse mortgages. Common types of reverse mortgages offered...

  • Retirement Trends, Current Monetary Policy, and the Reverse Mortgage Market. Johnson, David W.; Simkins, Zamira S. // Journal of Financial Planning;Mar2014, Vol. 27 Issue 3, p52 

    The article discusses reverse mortgages as a source of retirement income for members of the baby boom generation, many of whose retirement portfolios have been diminished by an economic recession. Particular attention is given to changes implemented in 2013 to the U.S. Home Equity Conversion...

  • Reverse Mortgages Offer CUs a Strong Alternative for Boomers. Morrison, David // Credit Union Times;11/25/2009, Vol. 20 Issue 47, p9 

    The article discusses the use of reverse mortgages in helping baby boomers save their retirement plans in the U.S. According to Members Trust Co., reverse mortgages can become useful tool for credit unions (CU) as it converts home equity into cash without payment obligation every month....

  • Reverse Course. Berry, Kate; Terris, Harry // American Banker;2/21/2008, Vol. 173 Issue 35, p13 

    The article discusses the increase of financial companies using reverse mortgages. The generation of baby boomers in the U.S. is coming into retirement age and this has led financial planners to push reverse mortgages as a way to make home equity add to retirement income. Bank of America Corp....

  • Unlocking Your Home Equity. Levenson, Eugenia // Fortune;9/1/2008, Vol. 158 Issue 4, p38 

    The article discusses the trend toward reverse home mortgages by retired people. Many members of the baby boom generation do not have adequate retirement savings, which makes reverse mortgages more appealing to them. Reverse mortgages are only available to people over 62 years old, and they can...

  • Time has run out: finding an alternative retirement income. Wilkinson, John // Money Management;2/9/2006, Vol. 20 Issue 4, p20 

    The article reports on the increasing popularity of reverse mortgage products as baby boomers with low super savings look to generate an income stream in retirement in Australia. Indications showed that among population groups, seniors always find it hard to borrow money. This problem was solved...

  • REVERSE MORTGAGES IN THE HOT SEAT AGAIN.  // Retirement Advisor;May2015, Vol. 16 Issue 5, p14 

    The article focuses on issues concerning the concept of reverse mortgages for the baby boom generation in the U.S. It discusses the increasing number of boomers reaching retirement age as well as challenges when it comes to creating retirement income such as the inability to add new borrowers to...

  • New Year, Old(er) Leads. McDermott, John // Origination News;Feb2014, Vol. 23 Issue 4, p1 

    The article focuses on the business expansion at baby boomers which creates three kinds of possible mortgage needs including a group that will use cash with or without reverse mortgage, a group with higher income and less debts looking to relocate and a group with high income and more debt.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics