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<?xml-stylesheet type="text/xsl" href="http://www.mortgagenewsdaily.com/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Mortgage Servicers Modify 850,000 Loans in 2012: HOPE NOW</title><link>http://www.mortgagenewsdaily.com/02112013_hope_now.asp</link><description>HOPE NOW , the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, has now helped over 7 million homeowners with various foreclosure prevention alternatives since it was founded in 2007 including</description><dc:language>en</dc:language><generator>CommunityServer 2008 SP2 (Build: 31106.96)</generator><item><title>re: Mortgage Servicers Modify 850,000 Loans in 2012: HOPE NOW</title><link>http://www.mortgagenewsdaily.com/02112013_hope_now.asp#303063</link><pubDate>Fri, 05 Apr 2013 17:32:51 GMT</pubDate><guid isPermaLink="false">2bb7a989-b681-446d-a7f2-bd5f0562f228:303063</guid><dc:creator>Mick Anderrson</dc:creator><description>A reverse mortgage is a loan for senior homeowners that uses a portion of the home&amp;#39;s equity as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance.

http://www.reversemortgagelendersdirect.com/how-does-a-reverse-mortgage-work/ 
http://www.reversemortgagelendersdirect.com/reverse-mortgage-information/
http://www.reversemortgagelendersdirect.com/reverse-mortgage-calculator/
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