Who can get a low rate mortgage these days

Tue, 17 Mar 2009 15:00:00 GMT

How many people are actually benefiting from fixed-rate mortgages advertised at 5.5% or less? It’s possible to get a rate that low if you put down 20%...

Making Home Affordable Requirements

Mon, 09 Mar 2009 15:00:00 GMT

The $275 billion housing stimulus, “Making Home Affordable” is targeted at the 1 in 5 US homeowners who are underwater in their mortgage.

Hope for Homeowners in Distress

Wed, 18 Feb 2009 15:00:00 GMT

Great news for homeowners in distress- President Obama will unveil a $75 billion foreclosure prevention program in hopes of reaching up to 9 million homeowners

Who will pay back my reverse mortgage loan

Tue, 10 Feb 2009 15:00:00 GMT

There is a gray area about reverse mortgages which probably scare some seniors from even taking it into consideration as a viable financial option. Once seniors realize that a reverse mortgage loan is a debt, one common question we receive is: When do you pay the loan back?

Reverse Mortgages are a great option for cash strapped seniors

Wed, 28 Jan 2009 15:00:00 GMT

Reverse Mortgages have been steadily rising over the past few years – doubling every year for the last three to four years. In November, housing legislation cut fees on reverse mortgages while raising the amount homeowners can borrow against, which is now $417,000 nationwide.

Are loan modifications enough

Mon, 19 Jan 2009 15:00:00 GMT

Regulators are having trouble stemming the flood of foreclosures especially in South Florida, where debt often exceeds the home’s worth. Many programs have been created to help homeowners get into loans with more favorable terms, but only a small percentage of struggling homeowners have received help.

Will 2009 be worse that last year

Fri, 09 Jan 2009 15:00:00 GMT

Analysts who said the current economic crisis would take a turn for the better in 2009 were sadly mistaken. Unfortunately 2008 was not the tip of the iceberg, as a matter of fact; experts are saying things will get much worse before they get better.

Great New Year for seniors

Wed, 17 Dec 2008 15:00:00 GMT

Great news to start off the New Year: beginning January 1, 2009, the FHA will begin to insure reverse mortgage loans for purchases. What does this mean for seniors age 62 and over?

Fannie and Freddie need a makeover

Mon, 01 Dec 2008 15:00:00 GMT

Government backed buyer on home loans Fannie Mae was created in 1938 as a response to the Great Depression. Freddie Mac was formed later, in 1970 and both were seized by regulators on Sept. 6 2008. It’s clear that what may have worked in the 1930s as a remedy to the Great Depression has not been working in 2008 during this recession.

Over 12 million homes have negative equity

Tue, 18 Nov 2008 15:00:00 GMT

There are over 12 million homeowners in the US that have mortgage debt which exceeds the value of their homes. Mortgage defaults continue to rise rapidly, and in some cases the borrower can still afford to make payments, but chooses not to because the value of their home has dropped dramatically.

How are the new mortgage rules aimed at helping consumers going to save them money

Tue, 12 Nov 2008 15:00:00 GMT

The final version of the new mortgage rules from the Department of Housing and Urban Development is designed to help consumers shop for mortgages more effectively by helping them compare terms on loans and limit the ability of lenders to offer final terms that are far different from initial estimates.

Mortgage rates up applications down

Wed, 05 Nov 2008 15:00:00 GMT

The connection between mortgage rates and mortgage applications are pretty obvious by now. It seems as though whenever mortgage rates rise, mortgage applications drop.

Bailout money used for buying new stocks

Wed, 29 Oct 2008 15:00:00 GMT

Of the $700 billion financial-rescue plan enacted last month, Treasury Secretary Henry Paulson abruptly diverted $250 billion of the plan to buy stock in healthy banks. Though this plan may eventually help thaw the credit markets and achieve stability among banks, homeowners are being left in the cold.

Reverse Mortgage will benefit seniors even more

Thu, 23 Oct 2008 15:00:00 GMT

Great news for seniors who are looking into, or already have a reverse mortgage loan. For one, HECMS, or Home Equity Conversion Mortgages insured by the Department of Housing and Urban Development now have a common ceiling of $417,000 regardless of where the home is located.

Housing cycle continues

Thu, 16 Oct 2008 15:00:00 GMT

The housing cycle continues, especially in the hardest-hit areas like California, Florida, and Arizona: “more and more homes are going up for sale, but fewer and fewer people are willing or able to buy them.”

Did we really need government intervention

Wed, 08 Oct 2008 15:00:00 GMT

Our economic situation is direr than some may think and those who borrowed almost any kind of money from banks during 2001-2007 will surely feel the pain. According to Zillow, home prices have continued to spiral downward for the past two years and have reached the point where 29% of all households that purchased in the last five years owe more than their house is worth.

Seniors beware of reverse mortgage fraud

Tue, 03 Oct 2008 15:00:00 GMT

Mortgage fraud has been an underlying cause of many good deals gone badly, and reverse mortgage fraud is no better.

Is Paulsons Bill the only way out

Tue, 23 Sep 2008 15:00:00 GMT

In an effort to boost lending, the Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments like home loans, mortgage-backed securities, commercial mortgage-related assets, and others from US financial companies.

Government takeover of Fannie and Freddie not a cure

Tue, 16 Sep 2008 15:00:00 GMT

By now, almost everyone has heard of the government’s takeover of Fannie Mae and Freddie Mac. But one thing almost everyone is unsure of is: how will this move improve the housing market?

Sellers regret

Tue, 02 Sep 2008 15:00:00 GMT

Seller’s regret or flashbacks to offers past is a new condition which is a result of the past culture of constantly rising real estate value and prices.

Is the market stabilizing

Tue, 26 Aug 2008 15:00:00 GMT

According to the latest housing statistics released by the Florida Association of Realtors (FAR), single-family existing home sales rose in Florida for the first time in over two years.

Reverse mortgages can pay off in the long run

Thu, 21 Aug 2008 15:00:00 GMT

Reverse mortgages still have a tainted reputation for some seniors who believe the product hasn’t changed since it first came to the market in the eighties.

Bad loans to blame for mortgage crisis

Wed, 20 Aug 2008 15:00:00 GMT

During the housing boom, many borrowers were eluded into mortgages they couldn’t afford. These mortgages are dubbed “liar loans,” as they don’t require proof of the borrower’s income or assets.

Seniors delaying retirement

Tue, 12 Aug 2008 15:00:00 GMT

The economy has affected people in so many ways that some seniors are even considering delaying their retirement. Many seniors are deeply affected by stock market losses and declining home values, as these two markets are where most seniors invest their money in.

Reverse Mortgage Advice

Mon, 11 Aug 2008 15:00:00 GMT

Taking out a reverse mortgage is a serious financial decision and should be well thought out. If you or your parents have already taken the necessary steps to educate yourselves on reverse mortgages, talking to a financial planner you trust is the next step.

Lenders tightened rules too much

Fri, 08 Aug 2008 15:00:00 GMT

It seems that lenders have tightened their rules too much. From a time when they didn’t verify employment or income, today even a borrower with excellent credit may have a hard time getting financing.

Watch out for financial predators

Thu, 07 Aug 2008 15:00:00 GMT

As if homeowners struggling with debt and at the threat of foreclosure don’t have enough to deal with, they still have to watch their backs for financial predators. With financial problems on their plate, predators see suffering homeowners as vulnerable and often use the opportunity to take advantage of them.

Is recession over

Wed, 06 Aug 2008 15:00:00 GMT

As most Americans received their stimulus checks over the past couple of months, did it really help boost the economy?

Seniors who cant sell still have options

Tue, 05 Aug 2008 15:00:00 GMT

Seniors who can’t keep up with the high cost of living must be in a very tough situation, especially if they are on a fixed income. If you can’t afford to live in your house anymore or you need to supplement your cash flow, you can consider a reverse mortgage.

July marks seventh straight month in job cuts

Mon, 04 Aug 2008 15:00:00 GMT

So far this year, the economy has lost a total of 463,000 jobs and July is no different, it marks the seventh straight month where employers eliminated jobs.

Which reverse mortgage is right for you

Fri, 01 Aug 2008 15:00:00 GMT

There are three basic types of reverse mortgage loans to choose from. One type is a single-purpose reverse mortgage. They are offered by government agencies or nonprofit organizations and make it possible for low-income homeowners to pay for a specific issue, like fixing a leaky roof.

How is the housing legislation going to help reverse this market

Thu, 31 Jul 2008 15:00:00 GMT

The problem is obvious: too many homes for sale, not enough buyers. Actually there are a good amount of buyers, but not enough who can get approved and who have at least 10% to put down.

Housing Bill makes reverse mortgages more attractive

Wed, 30 Jul 2008 15:00:00 GMT

The Foreclosure Prevention Act of 2008 is designed to help many people, not just home owners. The act has many supporters, but also many who feel it will fall short of what is needed to turn this market around.

Foreclosures continue to rise

Mon, 28 Jul 2008 15:00:00 GMT

Many economists predicted earlier this year that towards the end of 2008, things would be looking better for the economy and the housing market.

Begin your retirement years comfortably and worry free

Thu, 24 Jul 2008 15:00:00 GMT

If you are approaching your retirement years, it may be time to think about how you will support yourself without a paycheck. Many seniors look forward to retirement and see it as a time of peace and joy.

Homeowners to share future appreciation in exchange for discounted loans

Wed, 23 Jul 2008 15:00:00 GMT

As the current housing crisis has proved, this country is in the largest economic crisis in the post-WWII era. Millions of homeowners are facing the loss of their home and many are left on the street.

Lenders standards are getting higher

Tue, 22 Jul 2008 15:00:00 GMT

The housing and mortgage crisis has been responsible for many changes going on in the economy. As early as a few months ago, borrowers with a FICO score of 700 were usually eligible for the lowest mortgage rates.

Selecting a reverse mortgage lender"

Mon, 21 Jul 2008 15:00:00 GMT

There are many things to think about if you are considering a reverse mortgage loan. One of the most important steps is selecting the appropriate reverse mortgage lender.

Seniors protected with new bill for reverse mortgage

Fri, 11 Jul 2008 15:00:00 GMT

The financial services industry is worried about a Senate housing bill introduced by Sen. Claire McCaskill (D-Mo). In the bill is a provision that would prevent providers of reverse mortgages from selling borrowers another investment for the proceeds of the loan.

Mortgage insurance industry in trouble

Wed, 09 Jul 2008 15:00:00 GMT

Mortgage insurance is very important part of the housing market, as it allows Americans to buy a home with less money down. It is required by the lender when borrowers can’t afford the traditional 20% down payment, just in case they default on their payments.

Federal Reserve reports on government intervention for the housing crisis

Tue, 08 Jul 2008 15:00:00 GMT

A Federal Reserve study released Monday states that large-scale government intervention in the US housing crisis would be counterproductive and prevent a "necessary" correction in home prices.

Extra cash options for seniors

Mon, 07 Jul 2008 15:00:00 GMT

If you are over 62 years old, own your home, and need extra cash for whatever reason, you have a few options. One option is to sell your home and downsize to a smaller home. By moving to a smaller home, the amount you pay on property taxes and insurance will probably reduce.

No more 5 percent down in troubled real estate areas

Wed, 02 Jul 2008 15:00:00 GMT

Since earlier this year, Fannie Mae and Freddie Mac established a policy which penalized buyers in troubled real estate markets with 5% higher down payments.

New reverse mortgage legislation calls for more disclosure

Mon, 30 Jun 2008 15:00:00 GMT

Earlier this month, Governor Carcieri of Rhode Island signed a reverse mortgage legislation that mandates greater disclosure of fees charged by lenders.

Reverse mortgage fees protect borrowers

Thu, 26 Jun 2008 15:00:00 GMT

The high closing costs associated with a reverse mortgage is what keeps some seniors away. But one of the reasons that the closing costs are high is because of the mortgage insurance that is required on all HECM Reverse Mortgages.

Middle class seniors will probably spend every penny before they die

Wed, 25 Jun 2008 15:00:00 GMT

Due to many reasons in this day and age, it is unreasonable for many of us to expect an inheritance. Although the really rich will be fine, as they always are, the middle class and upper middle class will probably spend every cent before they die.

Easy mortgage contributing to artificial demand

Tue, 24 Jun 2008 15:00:00 GMT

It is well known that the terrible status of the mortgage market today can be mostly blamed on lenders practically giving away loans to ineligible borrowers. During the housing boom, a first time buyer could easily buy a home with no money down.

Interest rates on the rise

Mon, 23 Jun 2008 15:00:00 GMT

If the housing market is still full of excess inventory and the number of foreclosures is still rising, then why are the mortgage interest rates rising too? How are buyers supposed to relieve the surplus of homes when the interest rates are so discouraging?

Mortgage crisis affecting children

Fri, 20 Jun 2008 15:00:00 GMT

The sub-prime mortgage crisis is making things hard for many families. Not only are families losing their homes, but children are also being affected in many ways.

What are our countrys top officials doing to help the mortgage crisis

Thu, 19 Jun 2008 15:00:00 GMT

Well, Connecticut Senator Christopher Dodd’s plan allows mortgage lenders to dump up to $300 billion of their worst loans on to taxpayers. This would be done via a new Federal Housing Administration refinancing program.

Reverse Mortgage worth the fees

Wed, 18 Jun 2008 15:00:00 GMT

Some seniors are wary about reverse mortgages because of their high fees. It’s true, the fees that come with a reverse mortgage are pretty high, around 6%, but it just might be worth it depending on the senior’s situation.

Are better times closer than we think

Thu, 12 Jun 2008 15:00:00 GMT

Could it be true that the worst of the mortgage credit crisis is over? There is so much speculation supporting that good times are ahead, yet even more say that it won’t get better until the next year or two.

Despite interest rates mortgage applications rose last week

Wed, 11 Jun 2008 15:00:00 GMT

Last Thursday, I wrote a blog titled “Interest rates soar while mortgage applications drop.” It was exactly about that, the fact that mortgage rates rose, but there were less mortgage applications, probably because of the high interest rates.

Florida leads the nation in fradulent mortgage activity

Tue, 10 Jun 2008 15:00:00 GMT

In the Mortgage Asset Research Institute’s annual report on fraudulent mortgage activity, Florida led the nation in 2006 and 2007. Nevada came in second, up from No. 6 a year earlier. Michigan, California, Utah and Georgia followed closely in the Top 10.

How is the current housing slump affecting reverse mortgages

Mon, 09 Jun 2008 15:00:00 GMT

The current housing situation is not affecting those who have already taken out a reverse mortgage in a different way than those with a regular mortgage. One of the problems with the housing slump is that property values are dropping in many real estate markets.

Unemployment rate not a good sign for economy

Fri, 06 Jun 2008 15:00:00 GMT

It is unsettling to hear that in May alone, nervous employers cut 49,000 jobs. The unemployment rate soared from 5% in April to 5.5% in May, which is the biggest one month jump in the rate since February 1986.

Interest rates soar while mortgage applications drop

Thu, 05 Jun 2008 15:00:00 GMT

Another sign that the mortgage industry has a long way to go before it gets back on its feet is the fact that mortgage application volume fell 15.3% during the week ended May 30. The trade group Mortgage Bankers Association’s weekly application survey also reported that the application index fell to 502.3 during that week.

Home Values affecting reverse mortgages

Wed, 04 Jun 2008 15:00:00 GMT

For seniors seeking reverse mortgages, the qualification is pretty simple: you must be 62 years or older, own your home and live there. You must also have a certain amount of equity in your property, though it’s ok if you still make monthly mortgage payments.

Mortgage fraud possibly helped inflate prices during housing boom

Tue, 03 Jun 2008 15:00:00 GMT

As one of the hardest hit areas of the housing and mortgage slump, Las Vegas is the region’s “mortgage fraud ground zero,” according to Scott Hunter, the FBI’s special agent in Nevada.

Consumer resistance to blame for slow growth with reverse mortgage

Mon, 02 Jun 2008 15:00:00 GMT

Throughout the next few years, the reverse mortgage market is expected to grow tremendously. So far the growth has been slower than expected because of a lack of originators and consumer resistance.

Credit score doesnt matter when qualifying for a reverse mortgage

Thu, 29 May 2008 15:00:00 GMT

People all over the country have been using their credit cards to pay off their mortgage and other expenses. Even seniors are being hit hard with the high interest rate of credit cards, and having to pay it off on a fixed income.

Does reverse mortgage give too much freedom

Wed, 28 May 2008 15:00:00 GMT

For many seniors, a reverse mortgage can be a great financial vehicle to carry them through their golden years in relative financial security. One of the perks is that they can spend their home’s equity on just about anything.

Hispanics jobless rate hit hard with housing bust

Tue, 27 May 2008 15:00:00 GMT

For Hispanics in the US, the housing bust is really hitting hard. They were among the primary beneficiaries of the expansion in recent years. . The housing boom generated millions of new jobs in industries that required physically demanding jobs from factory work to carpeting and upholstery, to landscaping, roofing, janitorial services, and so many more.

Home values in some areas are appreciating

Fri, 23 May 2008 15:00:00 GMT

An interesting pattern is beginning to show throughout the national real estate market. Those regions which didn’t surge during the boom years are where economies are staying strong and house prices are actually appreciating.

Reverse mortgage great for seniors who own house

Thu, 22 May 2008 15:00:00 GMT

Seniors who are cash-strapped are looking for options to help their financial situation. Reverse mortgages are a great option, but are usually better suited for those whose homes are either paid off or have a low mortgage balance, and who want to live in the residence for the rest of their lives.

Housing situation driving people to sleep in cars

Wed, 21 May 2008 15:00:00 GMT

The housing situation continues to get worse and there seems to be no end in sight. I read a truly heartbreaking story today about middle-class senior citizens and families in California who were laid off in the past few months and have resorted to sleeping in their cars.

Useful info about reverse mortgages

Tue, 20 May 2008 15:00:00 GMT

There are many tips and tools for retirement from many specialists across the world. Here are a few bits of information that I found useful and worth reading about reverse mortgage loans.

Expect more foreclosures to come

Mon, 19 May 2008 15:00:00 GMT

Last month alone, there were 243,353 foreclosure filings. According to RealtyTrac, this number is nearly three times the total in the same month just two years ago.

Declining Market requires 5 percent down

Fri, 16 May 2008 15:00:00 GMT

Earlier this year, Fannie Mae implemented a policy of requiring that buyers make a 5% larger deposit on their home than the original loan program guidelines called for if the property is designated as being in a “declining market.”

Seniors delaying retirement

Thu, 15 May 2008 15:00:00 GMT

According to a new study by the AARP, seniors 45 and older are delaying retirement. The report finds that 6 out of 10 people are having trouble making ends meet, and some can’t even pay for their medication.

Will mortgage crisis affect prime loan market

Wed, 14 May 2008 15:00:00 GMT

The home mortgage crisis was originally focused on the subprime home market and its delinquencies.

Realtors should focus on foreclosures

Tue, 13 May 2008 15:00:00 GMT

It’s a well- known fact that eventually, the real estate market will reverse itself and home prices will settle to pre-housing boom prices. But while we are in the recovery period, many people have lost their jobs and many more are barely holding on to theirs.

Heirs benefit from home appreciation

Mon, 12 May 2008 15:00:00 GMT

One of the great benefits of a reverse mortgage is that the borrower can never owe more than the home’s value. It is comforting knowing that you wouldn’t have to take the fall for declining home values, especially in today’s real estate market.

Understand a reverse mortgage before making a decision

Fri, 09 May 2008 15:00:00 GMT

It is very important to thoroughly educate yourself about all aspects of a reverse mortgage loan. Many seniors who have one are satisfied with their decision, but then again, everyone’s situation is different.

House will consider new foreclosure bill

Thu, 08 May 2008 15:00:00 GMT

The American Housing Rescue and Foreclosure Prevention Act will be considered by the House this week. Part of the act would include a voluntary FHA program which would provide mortgage refinancing assistance.

Reverse mortgage loans on the rise

Wed, 07 May 2008 15:00:00 GMT

A key determination as to how much you can receive with a reverse mortgage loan is this: the older the borrower and the more valuable the home and the less owed on it, the more money is available.

Access equity in your home tax free

Tue, 06 May 2008 15:00:00 GMT

One of the greatest benefits of a reverse mortgage loan is that it is tax-free. Seniors can draw money out of their home, which is usually their most valuable asset, without any tax consequences.

Seniors coping with rising prices

Mon, 05 May 2008 15:00:00 GMT

How are seniors on a fixed income coping with the rising cost of food, gas and many other everyday staples? Some are relying on families to make ends meet, others are thinking about selling their home, just for extra money.

Choosing a reverse mortgage lender

Fri, 02 May 2008 15:00:00 GMT

When choosing a reverse mortgage lender, it is important to review and compare certain factors. For example, it is important that lenders provide different fixed and variable interest rate options to choose from.

When will reverse mortgage limits increase

Thu, 01 May 2008 15:00:00 GMT

Many seniors are waiting for an increase in loan limits for reverse mortgages. The Economic Stimulus Act of 2008, which just recently passed included a temporary increase in loan limits for all “forward” mortgages, but left out Home Equity Conversion Mortgages.

Foreclosures driving down neighboring property values

Wed, 30 Apr 2008 15:00:00 GMT

It is interesting how everything in the housing market is connected. As the real estate market is already down, when foreclosed or short-sale homes sell for less, this drives down neighboring property values and home equity.

Is Housing Market Stabilizing

Tue, 29 Apr 2008 15:00:00 GMT

In this economic downturn, hard-working consumers are really getting hammered. Multiple factors are affecting them, like slow economic growth, job insecurity, home values going down, and paying more for gas and food.

Subprime Mortgages

Mon, 28 Apr 2008 15:00:00 GMT

It sounds terrible. Subprime Mortgage. But in reality it has many different benefits that other loans do not.

Private Mortgage Insurance

Fri, 25 Apr 2008 15:00:00 GMT

When you first buy a home, it can be very frustrating and complicated but it can also be extremely exciting. There is no feeling like being able to call a home your own and have the freedom to decorate it and change it any way you want.

Fixed Rate Mortgage

Thu, 24 Apr 2008 15:00:00 GMT

A fixed rate mortgage is one of the most common types of home loan in the USA. It’s very easy to understand and set up and helps people know exactly what type of commitment they are making financially.

Prime market for pitching reverse mortgage

Wed, 23 Apr 2008 15:00:00 GMT

Marketing for reverse mortgages are expected to get more intense as the housing market continues to fall. About 80 percent of seniors own a home and many seniors have equity in their homes.

Adjustable Rate Mortgage

Tue, 22 Apr 2008 15:00:00 GMT

Another common type of home loan is the adjustable rate mortgage or ARM. With this type of loan, the interest rate will fluctuate depending on the 6 different real estate indexes.

Refinancing a reverse mortgage loan

Mon, 21 Apr 2008 15:00:00 GMT

Even with a reverse mortgage, some seniors may feel like they are not receiving enough money. One way to access more money is to refinance an existing reverse mortgage loan.

FBI investigates more mortgage fraud cases

Thu, 17 Apr 2008 15:00:00 GMT

Three months ago FBI officials said they were investigating 14 companies for possible fraud in connection with loans made to risky borrowers. They were also investigating insider trading violations and investments spun off of the risky loans.

Never owe more than property value with a reverse mortgage

Wed, 16 Apr 2008 15:00:00 GMT

A great security provided by reverse mortgages to seniors is that the amount they owe will never exceed the value of their home. That is one great difference between a traditional mortgage and a reverse mortgage.

Short Sale a way to avoid foreclosure

Tue, 15 Apr 2008 15:00:00 GMT

A short sale allows the homeowner to live in the home until it's sold - which helps the bank avoid costly foreclosure procedures and potentially bigger losses. The bank sets and pays the legal and real estate fees.

FINRA cautions homeowners about tapping into home equity

Mon, 14 Apr 2008 15:00:00 GMT

Last week, there was an Investor Alert issued by the Financial Industry Regulatory Authority (FINRA). It cautions homeowners over the age of 60 to be wary of tapping into their home equity through reverse mortgages.

Lenders tighten up financing

Fri, 11 Apr 2008 15:00:00 GMT

Washington Mutual is expected to announce layoffs in their residential mortgage group just days after announcing that they have shut down their wholesale mortgage group. WaMu is just one more financial institution to fall as the dominos pick up steam.

Research lender before making financial decision

Thu, 10 Apr 2008 15:00:00 GMT

If you’re looking into mortgages then you are already concerned that you don’t have enough cash for the future. The last thing you want to do is make the wrong decision and put yourself in a worse financial position.

Washington Mutual and the mortgage brokers

Wed, 09 Apr 2008 15:00:00 GMT

Some may focus on how this is going to affect investors but I focus on how this is going to affect the mortgage brokers. The banks are systematically putting mortgage brokers out of business.

Reverse mortgage for your golden years

Tue, 08 Apr 2008 15:00:00 GMT

If you are over the age of 62 and have equity in the home then consider a reverse mortgage to provide the extra cash you need for your golden years.

Ask to defer your mortgage payment

Mon, 07 Apr 2008 15:00:00 GMT

If you're facing losing your home due to foreclosure and don’t qualify for a re-finance or home equity loan, the best thing to do is to talk with your lender.

Latest proposals to improve mortgage and housing industry

Fri, 04 Apr 2008 15:00:00 GMT

The Senate is still trying to stabilize the mortgage and housing industry with proposals, is it enough?

Foreclosure Fraud Prevention Act passed unanimously

Thu, 03 Apr 2008 15:00:00 GMT

The Foreclosure Fraud Prevention Act passed unanimously in the House yesterday. It would ensure that when homeowners sign a contract with a foreclosure rescue entity, that they are properly informed about their rights.

Reverse Mortgage laws are varied

Tue, 01 Apr 2008 15:00:00 GMT

Reverse Mortgage laws are varied, and though the borrower(s) uses their house as security, they still have certain responsibilities.