Tag: home equity
Bad news for retirees. The two biggest players in reverse mortgages exited the business. Bank of America (#2) quit in February and Wells Fargo (#1) in June. Reverse mortgages enable people 62 and over to tap their home equity. And despite the bursting of the housing bubble, the house is a crucial component of most…
The brief’s key findings are: Many forecasters contend that the sluggish economic recovery will limit stock returns over the coming decade. Despite the sluggish recovery, corporate earnings have recovered to nearly match their peak value. Higher earnings can be used to boost returns in several ways: buying back stock, retiring debt, buying stock in other…
