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Article: Wall Street Journal Cites 39% Increase Year to Date in Reverse Mortgage Sales Nationwide; Amstar Financial Services Reverse Mortgage Platform Trending +45%.
- Article from:
- Business Wire
- Article date:
- December 18, 2003
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Business Editors/Real Estate Writers
JUPITER, Fla.--(BUSINESS WIRE)--Dec. 18, 2003
On December 16th the Wall Street Journal published statistics and other data relevant to the Reverse Mortgage Industry. Since Reverse Mortgages are an important part of Amstar's (OTCBB:AMAF) growth strategy, the Company felt it important to comment on the news. Amstar originates Reverse Mortgages under the brand name "America's Senior Financial Services".
The Journal reported that year to date federally insured reverse mortgage sales were ahead +39% compared to the same period 2002. In an article written by Jonathan Clements the Journal stated, "These things are ...