NewRetirement Retirement News Digest : Housing
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NewRetirement Retirement News Digest

Browse the news below to learn about important developments shaping retirement.

Housing (RSS)

California Laws Get Tough on Mortgage Finance
Housing Wire, October 14th, 2009California Governor Arnold Schwarzenegger signed seven mortgage finance-related bills into state law Monday. The new laws aim to crack down on fraud, set requirements for loan documents and set restrictions on mortgage Read More
Older Americans On The Go: How Often, Where, and Why?
Center for Retirement Research at Boston College, August 31st, 2009The lore on whether older Americans move is mixed.  On the one hand, the stereotype of retirement is that people flock to a warm climate such as Florida or Arizona.  On the Read More
Loans That Looked Easy Pose Threats to Recovery
The New York Times, August 26th, 2009When Harvey Clavon took out an exotic mortgage to refinance his home in Santa Clarita, Calif., three years ago, he thought he knew what he was doing.Mr. Clavon, 63, was planning to sell the home in a few years and Read More
Experiencing Life, Briefly, Inside a Nursing Home
The New York Times, August 23rd, 2009For 10 days in June, Kristen Murphy chose to live somewhere she and many others fear: a nursing home. Ms. Murphy, who is in perfect health, had to learn the best way to navigate a wheelchair around her small room, Read More
Reverse mortgages shift gears
San Jose Mercury-News, August 21st, 2009Ann Tubbs and Ehtesham Majid left behind their house in Moraga more than two years ago to enjoy the urban lifestyle of San Francisco. The retired couple ended up renting a place in the city but eventually hoped Read More
Sales of Existing U.S. Homes Leap Higher
The New York Times, August 21st, 2009Sales of previously owned homes surged in July as buyers stormed back to the market, taking advantage of falling prices, lower interest rates and a tax credit for first-time homeowners, an industry group reported Read More
Making Home a Safer Place, Affordably
The New York Times, July 17th, 2009Stay put or sell?That’s the question many older people ponder as they move into their 70s and beyond. Most older people settle on staying put, according to a recent survey by the Home Safety Council, a nonprofit organization Read More
Reverse Mortgages to the Rescue
Kiplinger.com, July 7th, 2009Reverse mortgages have been around for nearly 20 years, but it wasn’t until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free income Read More
Baby Boomers ‘Under Water’
The New York Times - March 13, 2009 A recent report suggests that the housing-market slump is hitting baby boomers particularly hard: many middle-aged homeowners had been so seduced by the rising prices of years past that they failed to save for retirement Read More
Moving to Depreciated Area Could Restore Nest Egg
Dallas News - March 8, 2009 If you are in your 50s or early 60s, you're in the Peril Period. And the Worst-of-All-Possible-Worlds appears to be happening. Everything – home value, 401(k) and job – is going down the drain just as you're getting really Read More
SEC accuses Sunwest Management of securities fraud
USA Today - March 2, 2009 A major corporate operator of assisted-living facilities and its founder were accused of a massive securities fraud Monday in what the Securities and Exchange Commission charged was a scheme that raised $300 million from investors Read More
FHA implements temporary higher loan limits to help families keep their homes
HUD - February 25, 2009 More American families will be eligible this year to purchase or refinance their homes using affordable, FHA-insured mortgages, thanks to the economic stimulus package signed into law by President Obama last week. The American Read More
Rick Santelli's Shout Heard 'Round the World
CNBC - Feb 20, 2009 CNBC's Rick Santelli called for a "Chicago Tea Party" Thursday, leading the charge for calls to revolt against the Obama Administration's mortgage bailout plan (see video below). The clip has gone viral on the Internet, bringing Read More
A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases
The Wall Street Journal - February 18, 2009 FORT MYERS, Fla. -- Hoping to save her house, Saundra Hill Scott arrived at the county courthouse clutching dog-eared mortgage bills and letters from her lender. She need not have bothered. The foreclosure Read More
How to Fund Retirement Living
The Wall Street Journal - December 22, 2008 Older Americans who banked on selling their homes to finance care in assisted-living facilities and retirement communities have seen their dreams go up in smoke amid the housing-market bust. At the same time, Read More
 
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