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What you need to know about a Reverse Mortgage 14 Mar 2011 | 07:53 pm
Seniors sixty-two and older may well be in luck, even in these harsh economic times, due to an interesting little thing called a “reverse mortgage.” A reverse mortgage not like the mortgage you took ...
House votes to end emergency mortgage aid 14 Mar 2011 | 07:49 pm
The House has voted to end a program designed to give federal loans to homeowners who can't make mortgage payments because they've lost their jobs or become ill. Lawmakers approved the Republican-wri...
Cutting mortgage giants? 14 Mar 2011 | 07:45 pm
Mortgage giants Fannie Mae and Freddie Mac played key roles in the housing market meltdown just a few years ago. President Barack Obama has proposed dissolving the two companies. Some Republican leade...
What Is A Reverse Mortgage And Is One Right For You 8 Mar 2011 | 01:12 pm
Are you sixty-two or older? Are you worried about your monthly income in today’s economy? If your answer to these questions is a resounding – or even whispered – “Yes,” then maybe it’s time to look at...
State AGs settle with mortgage servicers 8 Mar 2011 | 01:11 pm
The American Banker released a settlement online Monday it said is authored by state attorneys general outlining a code of conduct for mortgage servicing. All 50 state attorneys general met in Washin...
States: Let's make a deal to help homeowners 8 Mar 2011 | 01:07 pm
State attorneys general have launched talks with big banks accused of illegally foreclosing on homeowners with the hopes of reaching a deal that could result in more mortgage modifications, a top nego...
Loan standards curb demand for housing 17 Feb 2011 | 09:18 pm
NEW YORK — Don’t be quick to read strength in the January jump in housing starts. Home builders still face a raft of obstacles, not the least of which is the shrinking number of people able to get a m...
Allstate sues JPMorgan over mortgage debt losses 17 Feb 2011 | 09:15 pm
NEW YORK, Feb 16 (Reuters) - Allstate Corp (ALL.N) sued JPMorgan Chase & Co (JPM.N) on Wednesday to recover losses after the bank allegedly misrepresented the risks on more than $757 million of mortga...
Numbers still good in increasingly tight money market 17 Feb 2011 | 09:13 pm
IF you've heard it on television this week or read it somewhere, it's true, President Barack Obama does want out of the mortgage business. Fannie Mae and Freddie Mac have been under fire lately simpl...
5 costly reverse mortgage mistakes 14 Feb 2011 | 12:39 pm
Taking on a reverse mortgage can be a smart move or a financial disaster, depending on the type of loan and your circumstances. Avoid these mistakes to make a reverse mortgage a smart move. Mistake #...
