Housing
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
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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
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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
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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,
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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,
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