mortgage info
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Latest blogosphere posts tagged “mortgage info”
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Reverse Mortgage Q & A
Reverse Mortgage Loan Blog —
Authority: 122
Q: My wife and I are retired (age 69), we lost most of our savings in a Ponzi scam (Madoff). We had enough money to purchase a small home in East Tx. and it’s paid for (1200 sq. ft.) We have downsized a great deal, but have not been able to sell our other home as yet, and still have substantial debt. We have only ...16 hours ago -
Underwater? Is It Ethical To Walk Away From Your Mortgage?
Mario Greco —
Authority: 121
Sometimes I’m amazed at what I read in the newspapers. In late November, the Los Angeles Times reported on a white paper written by a law professor at the University of Arizona – Brent T. White. This professor actually argued that homeowners who owe more on their mortgage loans than what their homes are worth ...1 day ago -
Story of the year? FHA comes to the rescue
Reverse Mortgage Loan Blog —
Authority: 122
Every time the Department of Housing and Urban Development (HUD) makes a change or looks at its financial stability, you hear howls about its function in housing. Should the government really be involved in homes and loans? Some members of Congress would like to see the Federal Housing Administration (FHA) taken out ...6 days ago -
Legislation targets predatory, confusing marketing of reverse mortgages
Reverse Mortgage Loan Blog —
Authority: 122
John Cranshaw’s stroke left him half paralyzed, while Ernest Minor’s wife, Norma, was hit by what would become a fatal case of colon cancer. Instead of enjoying their golden years, the two older men – who have never met – grew more worried as large medical bills started piling up in their Sacramento and ...1 week ago -
Do research before moving ahead with reverse mortgage
Reverse Mortgage Loan Blog —
Authority: 122
If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by federal regulatory agencies. Though aimed at banks and credit unions, the guidelines neatly sum up the potential snares and pitfalls for consumers in the fast-growing ...1 week ago -
NCLC’s “Sub-Prime Revisited:” The cheapest shot
Reverse Mortgage Loan Blog —
Authority: 122
For good reasons, it is open season on Wall Street, bankers and their sidekicks in the mortgage-lending food chain, but Americans still value balance and fairness in their public discourse. That is why I believe “Sub-Prime Revisited,” the ‘report’ released on Oct. 6 by the National Consumer Law Center, is a ...1 week ago -
Get Useful Info About What Credit Score Do I Need For A Mortgage?
Mortgage-Blog —
Authority: 155
Get Helpful Info About best refinance mortgage rate online and Discover Useful Information About best refinance mortgage rate online and 30 year fixed refinance . What Credit Score Do I Need For A Mortgage? This is a much more subjective question than I’m sure you were hoping it was going to be, but I can lay the ...2 weeks ago -
Greater scrutiny for reverse mortgages
Reverse Mortgage Loan Blog —
Authority: 122
Concerned that older Nevadans may increasingly be targets of fraud from the heavily advertised reverse mortgage industry, Rep. Dina Titus succeeded in getting legislation passed recently to better regulate the industry’s practices. Titus tucked an amendment into a massive Wall Street overhaul bill approved by the ...2 weeks ago -
Discover Helpful Secrets About Mortgage With Poor Credit
Mortgage-Blog —
Authority: 155
Discover Helpful Info About bank refinance interest rates and Read Helpful Advice About bank mortgage refinancing and mortgage refinance no closing costs . What To Do If You Want A Mortgage With Poor Credit? Poor credit ratings are problematic. Those nice mortgage interest rates are more difficult to apply to, so ...2 weeks ago -
The elderly need to beware of lenders–and relatives
Reverse Mortgage Loan Blog —
Authority: 122
The recent conviction of a Long Island woman who stole the home of a 93-year-old retired barber suffering from Alzheimer’s disease should serve as a warning to the friends and relatives of elderly people about the surprising ease with which some older homeowners can be exploited financially. The elderly are ...2 weeks ago -
US regulators propose guidance on reverse mortgages
Reverse Mortgage Loan Blog —
Authority: 122
U.S. regulators, prompted by the potential for rapid growth in reverse mortgages as the population ages, have issued proposed guidance for institutions to follow when doing business with elderly customers. Reverse mortgages, which are targeted at homeowners who are at least 62 years old, allow homeowners to tap the ...2 weeks ago -
Trading Home Equity for Cash
Reverse Mortgage Loan Blog —
Authority: 122
Would-be borrowers still find most home mortgages tough to get in this semifrozen credit environment. A major exception is reverse mortgages for homeowners over age 62. These mortgages represented a growing market for the past decade. Even in recessionary 2009, the number of reverse mortgages grew 4 percent over the ...2 weeks ago -
Reverse Mortgage as last resort? Forbes gets it Wrong
Reverse Mortgage Loan Blog —
Authority: 122
The Reverse Mortgage must be too tempting of a subject these days. It’s one of those subjects that with just a very small amount of research some journalists feel like they are “experts” and ready to take on the perceived injustice of the product. Unfortunately, too many do not spend the time to actually ...2 weeks ago -
Fannie Mae Gets Tough(er) On Borrowers. Again.
Mario Greco —
Authority: 121
Fannie Mae raised the bar for mortgage applicants this past weekend. Getting approved for a home loan just got harder. In its official announcement , Fannie Mae says the updates minimize long-term lending risks. If that’s the case, this won’t be the last guideline change Fannie Mae makes — especially with ...3 weeks ago -
Retire On Your House
Reverse Mortgage Loan Blog —
Authority: 122
(Lack of) Editor Note: This is an abomination of an article rife with grammar and punctuation blunders. Not to mention moments of flat-out befuddlement. The absence of quality reverse mortgage articles today is disappointing, even as I link to Reverse Mortgage Daily now. Do you need to finance a home ...3 weeks ago -
Titus Amendment to Financial Reform Will Protect Nevada Seniors from Predatory Mortgage Agreements
Reverse Mortgage Loan Blog —
Authority: 122
Washington, D.C. – December 10, 2009 — Congresswoman Dina Titus of Nevada joined with Congresswoman Jan Schakowsky of Illinois to introduce an amendment to the Wall Street Reform and Consumer Protection Act of 2009 that will help protect seniors from predatory practices by lending agencies. The amendment will ...3 weeks ago -
FINRA fines Virginia Beach man over his reverse-mortgage seminars
Reverse Mortgage Loan Blog —
Authority: 122
A registered representative from Virginia Beach, Va., was ordered to pay a $20,000 fine for his involvement with reverse-mortgage seminars against his company’s policies and for his statements and materials for the seminars. Based on its findings, FINRA barred David Allen Abbott from associating with any FINRA ...3 weeks ago -
Reverse mortgage: Key to secure golden years [India]
Reverse Mortgage Loan Blog —
Authority: 122
Change is the only constant. So is the change in the social fabric of our society. With the rise in nuclear family system, especially in larger cities, more and more senior citizens are facing emotional, psychological and financial issues. Further, with the advancement of technology and developments in the medical ...3 weeks ago -
New Rules for Reverse Mortgage Counselors
Reverse Mortgage Loan Blog —
Authority: 122
OLDER homeowners who are considering a reverse mortgage can now get more help in the decision-making process. The Federal Housing Administration, which insures reverse mortgages, last month instituted new standards for the counselors who, according to federal law, must meet with prospective borrowers before a loan ...3 weeks ago -
Reverse Mortgage Popularity on the Rise
Reverse Mortgage Loan Blog —
Authority: 122
For many older homeowners who see their retirement accounts go flat and are struggling in a weak economy, a reverse mortgage can be a lifeline to see them through. According to experts the loans — which are only available to those over age 62 — are helping seniors get by with extra spending money and not having ...4 weeks ago

