Review Mortgage Lenders

1st Reverse Mortgage

1st Reverse Mortgage

Join us as we talk with Peggy Sage of 1st Reverse Mortgage

LEW SICHELMAN: Canny ways to use reverse mortgage money

More than 1 million senior homeowners have now taken out reverse mortgages. There's a good chance you might, too, once you reach age 62. But the question of how to use the money from the loan is just as important as the question of whether or not to get the loan in the first place.

A laundry list of celebrity spokespeople have tried to explain how these "backwards" loans work. Here's how the most recent one — gravelly voiced actor Tom Selleck — explains it in a commercial for a reverse lender: "A reverse mortgage loan is a simple idea really — you turn your home's equity into cash and you pay it back when you leave the house."

Reverse mortgages are making a comeback from their hottest years in 2007, '08 and '09, when more than 100,000 loans were made every year. According to the National Reverse Mortgage Lenders Association (NRMLA), 45,000 of these home equity conversion mortgages have been recorded so far in fiscal 2017, most of them through the Federal Housing Administration.

LendingTree, Inc. (NASDAQ:TREE) President Neil Salvage Sells 2000 Shares

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same quarter last year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 81.3% compared to the same quarter last year. equities research analysts predict that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.

Several analysts recently commented on the company. Zacks Investment Research lowered LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Oppenheimer upped their price target on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Stephens increased their target price on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Bank of America increased their target price on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Citigroup reissued an “outperform” rating and set a $290.00 target price on shares of LendingTree in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $251.25.

My deceased father has a reverse mortgage - the amount owed is less than the value of the property?

I would like to take out a mortgage to repay reverse mortgage. Do I have to take out mortgage for value property or just what's owed on the reverse mortgage? I'm 1 of 3 heirs and we are to divide the assets equally. But the only asset is the house.

You would need to pay off all liens on the property, before you can transfer it into your names. A mortgage is a lien.