By melissa | Published: February 9, 2011
Reverse mortgages allow seniors to use their home equity while staying in their homes – but have been criticized for their high upfront fees, among other things. A new loan has hit the market, however, offering sharply lower start-up costs in exchange for a tighter limit on the amount that can be borrowed. “It opens up new options for people to think about in terms of how they tap their equity as a retirement resource,” said Barbara Stucki, vice president of home equity initiatives at the National Council on Aging
Posted in Reverse Mortgage | Tagged a-small-amount, a-tighter-limit, a-trade-group, equity, homes, jobs, money, national, recession, reverse mortgage, stucki, traditional
By melissa | Published: February 9, 2011
As we are in the midst of our busiest season for home care in South Florida, a cautionary trend is emerging. Many seniors apparently are coming down to Florida for the winter but do not have any local doctors. This includes people with relatively serious conditions, whether cardiac/heart or diabetes and so forth
By melissa | Published: February 9, 2011
Welcome to the February 9, 2011 edition of EldercareABC Blog Carnival. Derrick presents Download the Handbook for Long-Distance Caregivers posted at ElderGuru.com . Seen and Heard around the Internet: ElderCafe writes: Time Off – Caregivers Need to Take a Break Linda Abbit writes: How Connected Are We Really
By melissa | Published: February 9, 2011
Bisphosphonates are a class of medicines that can reduce the risk of fractures in persons with osteoporosis. They are valuable medicines in the right patients.
Posted in Geriatric Care | Tagged a-and-compared, a-reports-does, a-story-based, america, australia, bisphosphontes, media, mortality, press, press-release, public-health, reduce-the-risk, risk, study
By melissa | Published: February 9, 2011
The National Kidney Foundation is conducting an online survey to understand the needs of patients with certain serious kidney ailments and their caregivers. Harris Interactive, a market research firm is conducting the survey. Participants must be assisting someone with a kidney ailment: Family Caregivers (Parents, Siblings, Friends) Paid Professional Caregivers (Nursing Aides or Home Caregivers) If you choose to participate, you will first be asked qualifying questions and then be given a 30-minute online survey. Upon completion, you will receive $25. The National Kidney Foundation is conducting this survey to assist with improving services to patients and caregivers
Posted in Caregiving | Tagged career-center, caregiverlist, caregivers, caregiving issues, certain-serious, for-caregiving-, foundation, friends, kidney-ailments, national-kidney, nursing-aides, online-survey, patients-with, questions-and, survey
By melissa | Published: February 8, 2011
Days after Bank of America announced it was exiting the reverse mortgage business , there continues to be speculation over why the company made the decision to leave the industry. Despite the bank telling RMD in a statement it’s closing the operation to focus on its core mortgage business and move the operational unit into other critical areas serving customers, some aren’t buying it. Guy Cecala, publisher of Inside Mortgage Finance told the Charlotte Observer that Bank of America is trying to minimize its exposure to potential lawsuits
By melissa | Published: February 8, 2011
Football season is now over. Baseball season doesn’t start until April. Worst of all, the World Curling Championship is still more than a month away.
By melissa | Published: February 8, 2011
Senior care quality standards and ethics seem like something that should go hand-in-hand. It is important to understand the quality standards for senior home care agencies and also for any senior care company you may work with as a caregiver or senior. Seattle based A Place for Mom sells leads to assisted living communities and senior home care agencies by hiring 100% commission Advisors who are paid when the senior is placed in a company that has agreed to pay A Place for Mom a placement fee. However, employees and a court agreed the company was not paying their own employees as they should. A Place for Mom settled a federal class-action lawsuit for $1.7 million involving 222 employees in April, 2010. The suit was filed in 2008 alleging labor violations and uncompensated overtime and delayed commission payments along with unreimbursed job-related expenses
Posted in Caregiving | Tagged care-agencies, career-center, caregiver jobs, caregiving issues, daily, families, involving-222, like-something, own-employees, payments-along, place, understand-the, with-training
By melissa | Published: February 8, 2011
The taxes and insurance guidance issued by the Department of Housing and Urban Development is a good “first giant step” according to Marc Helm, president and chief operating officer of Reverse Mortgage Solutions . Helm told Origination News the mortgagee letter puts some parameters about what HUD wants done in these situations, which until now had been a gray area. An area that concerns Helm is the guidelines for the repayment plan, which puts a 24-month limit on arrears over $5,000
By melissa | Published: February 8, 2011
CoreLogic released its December Home Price Index (HPI) , showing that home prices declined for the fifth month in a row in the U.S. According to the HPI, national home prices including distressed sales fell 5.46 percent in December compared with December 2009. Excluding distressed sales, the December year-over-year change was -2.31 percent
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