Newsroom

Thank you for visiting the First National Bank newsroom. This page will be updated with the latest news articles published on the HUD Federally Insured Reverse Mortgage, as well as current news relating to First National Bank.

2010

First National Bank Launches HECM Education Outreach Program

The purpose of the education outreach program is to provide seniors, companies providing services to the senior audience and the media in Tampa Bay with accurate information regarding the distinctions between a “Reverse Mortgage” of the past vs. the current HUD Federally Insured Reverse Mortgage (HECM). The importance of this program as an option is even greater with today’s market conditions. Through education, myths and misconceptions of the HECM (Home Equity Conversion Mortgage) will be dispelled. Our goal is to make seniors aware of this Government Insured Program, which is available to them, so that they can make informed financial retirement decisions.

As the largest provider of the HECM Program in the State of Florida we feel it is our obligation, as an industry leader, to provide accurate information through an education outreach program.

First National Bank

In The News

The Wallstreet Journal

Reverse Mortgages Look Better

Upfront fees on reverse mortgages have fallen substantially in recent months, giving homeowners interested in this product a new challenge: how to compare offers to find the best one.

The Washington Post

Reverse Mortgages Come to the Rescue

Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income to help them ride out hard times.

The Wallstreet Journal

Demand For Reverse Mortgages Climbs

As the credit crisis has worsened, more seniors have turned to federally insured reverse mortgages to tap home equity and, in some cases, to prevent foreclosures.