Reverse Mortgage Specialist Michael Bennett briefly discusses the benefits of a reverse mortgage for your parents.

Ex-Lehman CEO says regulators refused to save firm
WASHINGTON: The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators refused to help — even though they later bailed out other huge banks.
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Mortgage applications rise 2.7 pct on low rates
Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.
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Mortgage rates hit low of 4.36 percent
NEW YORK (AP) – Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36 percent this week, down [...]

Lenders increase efforts on terrible loans
After months of relative inaction, a number of commercial real-estate lenders have increased their efforts to dispose of poorly performing mortgage loans, Phoenix-area real-estate analysts said.
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Mortgage rates keep sinking
U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday.
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Mortgage rates decline to lowest on record: Freddie
NEW YORK (Reuters) – U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday.
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Economic recovery still a work in progress
HARLEYSVILLE – Economic recovery across the board is slow and those in real estate, the banking industry and investments agree we have to wait it out to see if things get better.
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