Reverse mortgages lead to sharp uptick in seniors seeking help from foreclosure
New Hampshire Legal Assistance is reporting a sharp uptick in the number of seniors needing help staving off foreclosure, and reverse mortgages are mostly to blame.
New Hampshire Legal Assistance is reporting a sharp uptick in the number of seniors needing help staving off foreclosure, and reverse mortgages are mostly to blame.
ABA Journal Daily News
The number of nonbank mortgage lenders and servicers that did not comply with the California Residential Mortgage Lending Act Annual Report requirements grew this year, prompting a reprimand and warning of penalties from the commissioner of the state's Department of Business Oversight. There were 418 licensed lenders and servicers at the end of 2017, but…
After a chemotherapy treatment earlier in the day, Robert Sexton sits in a chair with a breathing device at his home on Thursday, June 8, 2017, in San Mateo, Calif. After living in their home for almost 42 years, the Sextons lost the house to foreclosure at the hands of an unscrupulous loan modification firm….
Michael Froehlich was getting so sick of seeing the “We Buy Houses” signs desecrating his West Philadelphia neighborhood, he decided to offer a bounty for them – $ 1 for every one dropped off at his house, up to $ 200. “Everyone who came by said they already do this anyway,” Froehlich, 42, said Monday….
In February 2017, 5.0 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 0.5 percentage point decline in the overall delinquency rate compared with February 2016. Foreclosure News
ABA Journal Daily News