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Entries Tagged as 'independent living'

GE and Intel Create New Healthcare Firm For Independent Living & Telehealth

August 2nd, 2010 · Comments Off

What happens when GE wants to bring good things to life (and keep them alive) and when Intel wants to be inside the home?  A joint venture.  GE (NYSE: GE) and Intel Corporation announced Monday that they are creating a new healthcare company focused on telehealth and independent living.  The announcement builds on the GE-Intel [...]

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Tags: Senior Care · Senior Living Technology · independent living

New Counseling Procedures Released For Reverse Mortgages

July 25th, 2010 · Comments Off

The U.S. Department of Housing and Urban Development (HUD), after nearly 2 years of studying and revisions, recently published new procedures governing the process for seniors who are counseled for federally insured Home Equity Conversion Mortgages (HECMs).  The new procedures provides more detailed information which must be provided ahead of the counseling session, what must [...]

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Tags: Government Programs · Reverse Mortgages · Senior Housing Finance · independent living

Good Samaritan Society To Deploy WellAWARE in 40 Community Study

July 19th, 2010 · Comments Off

The Evangelical Lutheran Good Samaritan Society announced that it has selected WellAWARE Systems monitoring technology in providing care to seniors living at home or in assisted living centers for its LivingWell@Home Project.  The LivingWell@Home Project is part of an expansion of the Good Samarian’s use of sensor technology and telehealth services. The goal of the [...]

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Tags: Government Programs · Senior Housing Communities · Senior Living Technology · independent living

Philadelphia Senior Center Gets ARRA Funds For Community Garden

July 19th, 2010 · Comments Off

The Pennsylvania Department of Aging last week announced a nutrition services grant to help members of the Nationalities Service Center Senior Center tend their community garden in North Philadelphia. The center, which opened in 1986, older immigrants and refugees from Vietnam, China, Cambodia, Laos, Iraq and other countries, as well as people born in the [...]

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Tags: Government Programs · Senior Living · independent living

Will Headline Risk of Reverse Mortgage Defaults Deter Lenders & Servicers?

July 14th, 2010 · Comments Off

How do you trigger a default on a reverse mortgage?  One of the ways to trigger a default is failure to pay taxes and insurance on the property that secures the reverse mortgage and the fear of headline risk is giving some lenders and servicers pause before declaring defaults on seniors.  According to a recent [...]

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Tags: Reverse Mortgages · Senior housing · independent living

Growth Opportunity For Banks: Become Elder Care Service Providers?

July 13th, 2010 · Comments Off

There’s a buzz about a recent article in the Wall Street Journal entitled, “Beyond Estate Planning: Bankers Tackle Elder Care” that talks about growth opportunities that banks are seizing to help assist some of their best and most trustworthy customers, their senior customers.  From helping to pay bills, arrange for services or refer to other [...]

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Tags: Long Term Care · Senior Care · Senior housing · independent living

Mortgage Rates Keep Dropping, Time to Refinance for Boomers and Seniors?

July 8th, 2010 · Comments Off

Mortgage rates hit new lows this week for conventional financing with the national average for a 30 year fixed rate mortgage reaching 4.74% APY according to Bankrate.com.  The rate is the lowest in the 25 year history of Bankrate’s weekly survey.  According to the National Bureau of Economic Research, rates on FHA-insured mortgages averaged 4.71 [...]

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Tags: Real Estate · Reverse Mortgages · Senior Housing Finance · Senior housing · independent living

Recent Poll Shows Seniors 65+ Opening Their Wallets More Than Last Year

June 21st, 2010 · Comments Off

Are seniors opening their pocket books more this year?  According to a recent Gallup poll, seniors in the 65+ category increased their average daily spending from $44 dollars to per day in 2009 to $64 dollars per day in 2010.  That’s a big jump when compared to the 50-64 demographic that increased its spending in [...]

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Tags: Retirement Lifestyle · Senior Living · independent living

How To Make Leaving Home For the Very Last Time Easier

June 9th, 2010 · Comments Off

By Jane Lott One of life’s most painful experiences is coping with a loved one’s death and even the most rational minds can find the simplest decisions difficult when the grieving process occurs.  But decisions about closing up the family home become next to impossible and doing the work of sorting, packing and throwing away [...]

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Tags: Senior Care · Senior Living · Senior housing · independent living

Proprietary Reverse Mortgage Product Returns To Market For High Valued Homes

June 7th, 2010 · Comments Off

Since the credit crunch of 2008-2009, almost all lenders in the reverse mortgage market stopped originating proprietary reverse mortgages on until now.  Last week, Generation Mortgage Company announced the release of a new jumbo reverse mortgage loan for homes valued up to $6 million. The new product is eligible for homes valued between $500,000 and [...]

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Tags: Reverse Mortgages · Senior housing · independent living

GE Healthcare Invests $3 Million in TRIL Centre, Ireland, to Develop New Technologies for Independent Living

April 29th, 2010 · Comments Off

The TRIL (Technology Research for Independent Living) Centre, Ireland announced this week a new industry partner, GE Healthcare (NYSE:GE). TRIL is a research initiative, founded in January 2007 by Intel Corporation and the IDA Ireland (Industrial Development Agency), to explore the physical, cognitive and social consequences of ageing and design technologies to help address them. [...]

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Tags: Senior Living · Senior Living Technology · Senior housing · independent living

The Gary and Mary West Senior Wellness Center Celebrates Grand Opening in San Diego

April 27th, 2010 · Comments Off

The Gary and Mary West Senior Wellness Center, located in San Diego, California, recently celebrated its grand opening and will serve as Senior Community Centers’ flagship facility.  The Gary and Mary West Foundation’s $4 million gift was instrumental in making the center and its innovative programming possible.  The facility’s uses of natural resources and technology [...]

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Tags: Long Term Care · Senior Housing California · Senior Living · independent living