Governor’s Address: Democrats Play Politics with Our Elderly Homeowners
I have been working hard to protect our elderly Mainers and to help them stay in their homes. But Democrats in Augusta are playing politics again.
I have been working hard to protect our elderly Mainers and to help them stay in their homes. But Democrats in Augusta are playing politics again.
Low down payment mortgages are creeping their way back into the market like a cat sneaking up on an unsuspecting mouse. The only difference here is that the mouse is a million dollar crap shack with a 30-year mortgage attached to it. Foreclosure News
Several U.S. Senators have introduced legislation for a Military Consumer Enforcement Act that would seek to empower the Consumer Financial Protection Bureau to oversee and enforce compliance with the Servicemember Civil Relief Act . If passed and signed into law, the new act would amend the Consumer Financial Protection Act of 2010. Foreclosure News
If you've ever had to dispute a charge on a credit card, fix a mix-up with your mortgage or stop a debt collector from hounding you, you've benefited from the work of a federal watchdog agency that is now under fire in Washington. The Consumer Financial Protection Bureau arguably has done as much to change…
It could be a boon for some homebuyers – their credit scores will get a surprise boost – but worrisome for mortgage lenders, landlords and others who depend on credit reports to evaluate their potential customers. In a little-known policy shift, the three national credit bureaus – Equifax, Experian and TransUnion – plan to stop…
The New York City Housing Authority finalized an agreement last week to transfer 20 vacant single-family homes scattered across Brooklyn and Queens to Habitat for Humanity, which will invest $ 415,000 per home – from city, state and private financing – to bring them up to a state-of-good repair, city officials said. The nonprofit will…
New York has signed into law an amendment redefining a reverse mortgage as a “home loan.” With this amendment, statutory pre-foreclosure ninety day notices and a “certificate of merit” will be required in all New York reverse mortgage foreclosures. Foreclosure News