Wednesday, May 6, 2009
Many aspects of the reverse mortgage industry are changing, for many years; reverse mortgages have been great way for seniors 62 and older to pull equity out of their homes to pay the bills and enjoy their retirement. While expensive, the reverse mortgage loans have been highly regulated in terms of fees and rate disclosures. The loan allowed a sense of security since the rates and fees usually rates set when the loan process started. Which leaves some mortgage professionals’ worried about the current changes from Fannie Mae which allows the margins to fluctuate during the funding process. These changes can cause many seniors to feel unsure about a loan that already can seem confusing.
American senior homeowners can take out a loan known as a reverse mortgage. Reverse mortgages are for seniors 62 or older that own their home. The money the senior receives can be paid out in either monthly income or as a lump sum or even a line of credit to draw upon. Money the senior receives from the reverse mortgage is considered tax-free.
Before considering a reverse mortgage many seniors consult with financial planners, attorneys, and family members to make sure the reverse mortgage is the best option for them. It is required that seniors talks with a HUD approved counselor to learn more about the HECM (Home Equity Conversion Mortgage) loan and to understand the fees involved with the loan which some are regulated by the government.
HUD approved lenders- www.hud.gov/groups/seniors.cfm
Tags: hecm, HUD, loan, Reverse Mortgage, reverse mortgages, seniors
We knew this was coming with the current economy, reverse mortgage volume hit a record high last month, The Home Equity Conversion Mortgages (HECM), that allows homeowners aged 62 and older to pull equity out of their homes without making mortgage payments, increased in February, to a new record of 11,261 loans, thanks in large part to a number of added features that make the loans more accessible to borrowers, and also with the recent increase to $625,500 from $417,000 allowed more seniors to apply for the loan.
With more seniors watching their investments go down, the reverse mortgage has become a very important tool in many seniors’ retirement plans and the number of seniors looking to do the loan only seems to be growing. As a sign of the times many seniors are looking to reverse mortgages to avoid foreclosures so they can remain in there home, or to simply pay their bills. A reverse mortgage is a great option for seniors if used properly.
Sunday, May 3, 2009
This one-of-a-kind SDK opens the door to a number of exciting possibilities:
- Parental control: Filter SSL data based on keywords - unlike current SSL filtering, which is based on IPs.
- Traffic control: Forward data to any proxy, local or remote.
- Spam filtering: Filter encrypted Outlook mail sessions.
- Traffic monitoring: Track surfing activities containing encrypted data (Current tracking products can only report IPs.)
- Stream sniffing: Sniff encrypted network activity.
Changes from previous version:
- Now supports Mozilla FireFox.
- Each socket on a browser is now represented by a single stream.
When people use the Internet for doing personal business, such as making purchases online, their personal information can be stolen by millions of people. This is because their information was not sent securely using an HTTPS site. The security provided by an HTTPS site is what makes HTTPS sniffers completely different from any other kind. When information is sent online, it typically does not go directly to the person to whom it was addressed. Messages usually are broken down into segments and sent individually. This is what makes it so easy for hackers to steal information. They receive one segment of a message and it includes all the contact information. But when information is sent securely, it makes it impossible to sniff the information unless they perform man in the middle attack or uses a special SSL decrypting SDK.
With unsecured sites, regular sniffers can be used to track and steal information sent online. The reason a regular sniffer does not work is because the information sent uses encryption. You can think of this as what the military has long used to ensure their information would stay secure. Encryption takes regular material and transforms it using an algorithm. The material is deemed unreadable by anyone without the key. Unsecured sites do not use encryption so the information is just floating around for anyone to find it, mainly sniffers, or any software that uses them such as: Spywares, Malwares and Viruses.
Because it is so easy to sniff online, it makes it that much more important to use secured sites. So many people use the Internet to make purchases and to do their banking. The only way to ensure that your information will be kept safe is by using an HTTPS site.
To ensure that the Web site you are using employs encryption, it has to begin with HTTPS. It does not matter whether a site tells you it is secure, if it does not begin that way, it is not fully secure. You do not want to be a victim of online sniffing because you did not use a secure site. It will be much easier to find another site that is secured than it would be redeeming your credit crisis.