One of the more puzzeling aspects for reverse mortgage borrowers is understanding how much home equity is necessary in order to be eligible for a reverse mortgage home loan. Reverse mortgage borrowers are looking for a set formula or a maximum loan-to-value percentage ratio. Unfortunately, there is not a uniform ratio.

On Saturday, Shaun Donovan, New York City housing commissioner was named by President-elect Barack Obama to lead the Department of Housing and Urban Development (HUD).