{"id":1176,"date":"2014-02-04T02:56:02","date_gmt":"2014-02-04T02:56:02","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1176"},"modified":"2014-02-04T02:56:02","modified_gmt":"2014-02-04T02:56:02","slug":"reverse-mortgage-update-part-1","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2014\/02\/04\/reverse-mortgage-update-part-1\/","title":{"rendered":"REVERSE MORTGAGE UPDATE &#8211; part 1"},"content":{"rendered":"<p>Federal Housing Administration which insures most\u00a0 reverse mortgages suffered loan losses, due to market factors and borrower misuse of the program.\u00a0\u00a0 The lending formulas are complex, most borrowers will now qualify for a lower principal limit (borrowing power) but more in up-front premiums (the cost of the reverse mortgage).\u00a0 To encourage borrowers to use for long-term planning (instead of crisis management), borrowers will face new limits on the amount of money that can be taken out at closing and during the 1st year\u00a0 of the loan.\u00a0 MORE TO COME<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Housing Administration which insures most\u00a0 reverse mortgages suffered loan losses, due to market factors and borrower misuse of the program.\u00a0\u00a0 The lending formulas are complex, most borrowers will now qualify for a lower principal limit (borrowing power) but more in up-front premiums (the cost of the reverse mortgage).\u00a0 To encourage borrowers to use for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1176"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1176"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1176\/revisions"}],"predecessor-version":[{"id":1177,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1176\/revisions\/1177"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1176"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}