What you need to know about reverse mortgages … and their new rules
New rules for reverse mortgage loans are set to take place on Monday. The main headline: Senior homeowners won't be able to borrow as much.
New rules for reverse mortgage loans are set to take place on Monday. The main headline: Senior homeowners won't be able to borrow as much.
The desire to pay off the mortgage before retiring is based on a false paradigm and a obsolete meme. The false paradigm is that it's “safe” not to have a payment in retirement when your earnings are reduced. Foreclosure News
Debt is a four-letter word. Sometimes it is uttered with awe or reverence, but currently it prompts epithets like a four-letter Anglo-Saxon term unfit for print. Foreclosure News
The bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 cases. Foreclosure News
RICHARD DAHNKEN, Plaintiff-Appellant, v. WELLS FARGO BANK, NA, Trustee of Wamu Mortgage Pass-Through Certificates, Series 2005-PR4; JPMORGAN CHASE BANK, N.A.; MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Defendants-Appellees. Foreclosure News
The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But they're being made to people with lower credit scores and with more debt relative to their income. Foreclosure News
Under and by virtue of the power of sale contained in a certain Deed of Trust made by Charles Donald Snipes to , Trustee , dated the 13th day of August, 2009, and recorded in Book RB 767, Page 684, in Haywood County Registry, North Carolina, default having been made in the payment of the…