This past month, Washington was busy with rule changes and proposed legislation that underscores the ongoing debate over the origination and foreclosure of reverse mortgages. First, the U.S. Department of Housing and Urban Development reduced the maximum amount a reverse mortgage applicant can borrow.
The permabears in the equity market get a lot of attention, and for good reason: They crave the spotlight, and use it to sell bad investment products. If you want to get rich sowing fear in stocks with your bad advice , there are plenty of dupes out there ready to pay usurious fees for…
No bidders showed up for the mortgage foreclosure auction for the Jasper Mall Thursday, meaning the lender essentially takes over and negotiates a sale. No bidders showed up for the mortgage foreclosure auction for the Jasper Mall Thursday, meaning the lender essentially takes over and negotiates a sale. Foreclosure News
The Home Affordable Refinance Program is one of the two key programs established by the federal government to help homeowners affected by the recent subprime mortgage crisis. The beneficiaries of these two programs are those whose home values have fallen below their mortgage amounts . Foreclosure News
Doubling the size of a National Historic Site doesn't happen often, but there's a chance a foreclosure auction may help the Kate Mullany National Historic Site at 350 Eighth St. in Troy, N.Y., pull it off. Mullany was an Irish immigrant who in 1864 organized 300 women to form the Collar Laundry Union, the country's…
Jen Boschken from the Yolo County District Attorney's Office will talk about real estate fraud at Thursday's noon meeting of the Kiwanis Club of Davis. The club meets at The Symposium restaurant, 1620 E. Eighth St. Guests are welcome. Foreclosure News
A three-judge panel of the Ninth Circuit recently affirmed a district court's summary judgment finding that a national consumer reporting agency did not violate the Fair Credit Reporting Act . The court explained that the CRA could not be held responsible for the adverse consequences that consumers may face when a subscriber interprets consumer reports…
