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Reverse mortgages / Gerald H. Redstone, editor.
- Format:
- Book
- Series:
- Financial Institutions and Services
- Financial institutions and services
- Language:
- English
- Subjects (All):
- Mortgage loans, Reverse--United States.
- Mortgage loans, Reverse.
- Home equity conversion--United States.
- Home equity conversion.
- Mortgage loans, Reverse--Law and legislation--United States.
- Physical Description:
- 1 online resource (87 p.)
- Edition:
- 1st ed.
- Place of Publication:
- New York : Nova Science Publishers, c2010.
- Language Note:
- English
- Summary:
- Reverse mortgages are the opposite of traditional mortgages in the sense that the borrower receives payments from the lender instead of making such payments to the lender. This book illustrates the increase in reverse mortgages and their advantages, as well as the frequently glossed-over issues.
- Contents:
- Intro
- REVERSE MORTGAGES
- CONTENTS
- PREFACE
- REVERSE MORTGAGES: POLISHING NOT TARNISHING THE GOLDEN YEARS, HEARING BEFORE THE SPECIAL COMMITTEE ON AGING
- SENATOR HERB KOHL, CHAIRMAN
- OPENING STATEMENT OF SENATOR GORDON SMITH, RANKING MEMBER
- OPENING STATEMENT OF SENATOR CLAIRE MCCASKILL
- OPENING STATEMENT OF SENATOR MEL MARTINEZ
- OPENING STATEMENT OF SENATOR KEN SALAZAR
- STATEMENT OF MARGARET BURNS, DIRECTOR, FHA SINGLE FAMILY PROGRAM DEVELOPMENT, US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WASHINGTON, DC
- OPENING STATEMENT OF SENATOR THOMAS CARPER
- STATEMENT OF PRESCOTT COLE, SENIOR STAFF ATTORNEY, CALIFORNIA ADVOCATES FOR NURSING HOME REFORM, ON BEHALF OF COALITION TO END ELDER FINANCIAL ABUSE, SAN FRANCISCO, CA
- STATEMENT OF CAROL ANTHONY, DAUGHTER OF A RECIPIENT OF A REVERSE MORTGAGE TIED TO AN ANNUITY, KING CITY, CA
- ADVISOR, AARP PUBLIC POLICY INSTITUTE, BILLINGS, MT
- STATEMENT OF GEORGE LOPEZ, VICE PRESIDENT, JAMES B. NUTTER AND COMPANY, KANSAS CITY, MO
- REVERSE MORTGAGES: BACKGROUND AND ISSUES
- SUMMARY
- INTRODUCTION
- THE EVOLUTION OF REVERSE MORTGAGES
- Sale-Leaseback Transactions
- Reverse Annuity Mortgage
- Reverse Mortgage
- CURRENT REVERSE MORTGAGE PLANS
- The Home Equity Conversion Mortgage Program (HECM)
- The Home Keeper Mortgage
- The Cash Account Plan
- Senior Equity Reverse Mortgage
- CHOOSING AMONG THE PLANS
- USING REVERSE MORTGAGES FOR LONG-TERM CARE
- Funding Long-Term Care Directly
- Funding Long-Term Care Insurance
- ISSUES FOR THE ELDERLY
- Downsizing
- Selling and Renting
- Finding Tenants
- ISSUES FOR CONGRESS
- Potential Federal Liability
- HECM Loan Limit
- Long-Term Care Insurance
- Number of HECM Loans
- Aging in Place
- REFERENCES
- ENDNOTES
- INDEX.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and index.
- ISBN:
- 1-61209-418-X
- OCLC:
- 694792719
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