Financial Freedom and IndyMac have been in the news a lot lately. But not the kind of Financial Freedom I'm talking about. I realized back in 2004 that the baby-boomers were going to turn 62 in 2008 and that because they will live longer than previous generations, would need more than social security to get through their retirement years. I read an article on a little known mortgage called a reverse mortgage and immediately realized the enormous potential of the industry. As a founding...

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SOURCE: Golden Gateway Financial Jun 16, 2008 08:06 ET Retirees in Some Markets Have Lost More Than 20 Percent of Funds Available to Them Within the Last Year; Analysis Shows Eroding Home Values Outweigh Many of the Age-Related Advantages Reverse Mortgage Borrowers Traditionally Expect OAKLAND, CA--(Marketwire - June 16, 2008) - Golden Gateway Financial, the Web's most comprehensive financial resource for seniors and retirees, today released details of an internal study that shows the window...

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Image via WikipediaA great number of mortgage bankers are already convinced on the commercial viability of reverse mortgages. The challenge, however, is convincing the general public and the investor community of the product’s value. "If you look at the demographic trends and you look at what's on the horizon for this industry, it is only a good picture to look at," said Justin Birch, senior mortgage banking analyst for Ginnie Mae. Birch was among the panelists for the session "Reverse...

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James Garner in 1987The distinguished voice on the radio advertisement pitching reverse mortgages has a familiar ring: Yes, that's James Garner, the venerable television and film actor. Garner, in ads for a lender, touts reverse mortgages as an option for homeowners age 62 or older who are seeking an influx of cash to better manage their ever-mounting expenses - or just live a bit better in retirement. But the increasing popularity of reverse mortgages has revealed some pitfalls that can be...

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- Reverse mortgage leader adopts strict guidelines on ethical advertising, marketing and sales practice and implements training programs to promote best practices - MELVILLE, N.Y., June 3 /PRNewswire/ -- Lender Lead Solutions, the wholesale division of World Alliance Financial Corp., an industry leader in reverse mortgages, announced today that it has begun adopting the National Reverse Mortgage Lender Association's (NRMLA) formal Code of Ethics and Ethics...

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