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Apr 01, 2007

1st Reverse Financial Services launches fixed HECMsMortgagePress.comReverse mortgages 1st Reverse Financial Services LLC has launched the Fixed4Life Fixed Rate Reverse Mortgage Loan, which features a fixed interest rate for the life of the reverse mortgage, while providing available proceeds comparable to adjustable-rate reverse mortgages. The Fixed4Life Fixed Rate Reverse Mortgage is a Home Equity Conversion Mortgage (HECM), which is fully insured under the Federal Housing Administration. Westmont, Ill.-based 1st Reverse Financial Services LLC is a subsidiary of Family Federal Savings of Illinois, a federally chartered thrift. For more information, call (877) 574-1000 or visit www.1streverse.com.

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Apr 01, 2007

Analysis and Data

Employment Rebounds In November, Uncertainty Lingers

Uptick in unemployment could boost odds of Fed rate cut

The unemployment rate edged up from 4.1% in October to 4.2% in November, while total nonfarm payroll employment added 227,000 jobs, beating consensus estimates. The number of unemployed people was little changed from November, at 7.1 million. A year earlier the jobless ra...

People On The Move

Connie Lindsay Joins Rate As SVP In Washington

Lindsay brings her mortgage banking experience to Rate

Rate, the second-largest retail mortgage lender in the U.S., announced the appointment of Connie Lindsay as senior vice president of mortgage lending in Washington state. Lindsay will contribute years of experience in mortgage banking, most recently at US Bank, and a commitm...