Monthly Archives: November 2012

Reverse Mortgage News

Reverse Mortgages Pros Friday Round-Up: Knight Capital For Sale, New Wagner Ads Roll Out In case you missed it… here’s what happened in reverse mortgage news this week.  Knight Capital received buyout offers, expected to sell. The parent company of

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Reverse Mortgage News

Reverse Mortgages Pros Knight Capital Receives Buyout Bid From Getco LLC Knight Capital Group (NYSE: KCG) received a merger offer Wednesday from trading competitor Getco LLC. The offer reportedly values the company at $635 million and would include the purchase

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Reverse Mortgage News

Reverse Mortgages Pros Competitors Eye Knight Capital As Acquisition Target After speculation as to what would happen to the company and its reverse mortgage business following a $440 million-plus trading glitch that sent the company reeling, reports this week indicate

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Reverse Mortgage News

Reverse Mortgages Pros WSJ: Fielding Questions on FHA’s Negative Net Worth The Federal Housing Administration’s (FHA) audit last week revealed a $16.3 billion deficit, leading to many questing surrounding just how the government agency will recover from such catastrophic loss.

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Reverse Mortgage News

Reverse Mortgages Pros NewDay USA Expands, Launches Mortgage “University” NewDay USA, LLC has announced plans to expand its Maryland headquarters to support the company’s growth and establish a mortgage “university” program. The education program will be open to various mortgage

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Reverse Mortgage News

Reverse Mortgages Pros Texas Completes State’s 50,000th Reverse Mortgage Despite being the last state to get into the reverse mortgage business, the Lone Star State issued its 50,000 reverse mortgage last week. SInce introducing the reverse mortgage option twelve years

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Reverse Mortgage News

Reverse Mortgages Pros FHA to Raise Insurance Premiums to Shore Up $16.3 Billion Hole The results of an annual independent audit of the Federal Housing Administration’s financial state revealed Thursday the agency is in a negative capital position in the

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Reverse Mortgage News

Reverse Mortgages Pros For Most Americans, Planning Retirement is a Guessing Game: Study Rather than making calculations or projections of how much they will need in retirement, a full three-quarters of Americans described their retirement planning to be based on

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Reverse Mortgage News

Reverse Mortgages Pros MetLife: Mounting Senior Care Costs Point to Aging in Place Solution The cost of long-term care is rising in many areas, but the MetLife Mature Market Institute’s most recent senior care market survey might be good news for people who

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Reverse Mortgage News

Reverse Mortgages Pros Zillow Ramps Up Mortgage Services Through Mortech Acquisition Zillow, Inc. (NASDAQ:Z) has announced that it will acquire mortgage services company Mortech to expand its offerings in the mortgage segment of its business. The company announced Monday it

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