Mortgages
San Francisco Examiner, October 21st, 2009
A government-issued reverse mortgage, or Home Equity Conversion
Mortgage (HECM), is a great way to provide a more solid financial
future for yourself. Sometimes, though, even better deals can be made
possible
Read More
Marketwatch, September 17th, 2009Back in the good old days, before the crisis of 2008-09, many experts
suggested that all you needed to do was withdraw 4% per year, adjusted
for inflation, from your nest egg. That strategy, experts said, was a
near
Read More
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
Center for Retirement Research at Boston College, July 21st, 2009
Although it remains the goal of many households to repay their mortgage
by retirement, an increasing proportion now enters retirement with a
mortgage. At the same time, households
Read More
The New York Times, July 19th, 2009From the ninth floor of a downtown office building on Wilshire Boulevard, Jack Soussana delivered staggering numbers of mortgages to homeowners during the real estate boom, amassing a fortune.By Mr. Soussana’s own account,
Read More
USA Today, June 5th, 2009Howard Weiss is 77 and scared.
This year, the semiretired distributor from Phoenix
ran into financial problems and stopped making his mortgage payments.
He was told his home was scheduled for a foreclosure auction in May.So
Read More
The New York Times - April 30, 2009
The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
Read More
The Wall Street Journal - April 14, 2009
YUBA CITY, Calif. -- In 2006, Carol Couts, a 66-year-old widow in Yuba City, Calif., was living in her home, payment-free, when a mortgage broker persuaded her to refinance her no-cost mortgage for one that exceeded
Read More
PR Newswire - March 24, 2009
California Couple Leverages Government Stimulus Program to Purchase a New Home
ATLANTA, March 24 /PRNewswire/ -- Generation Mortgage Company(TM) closed its first Home Equity Conversion Mortgage (HECM) to aid seniors in
Read More
The Consumerist - March 19, 2009
In its recent annual report to the Mortgage Banker's Association, the Mortgage Asset Research Institute described three emerging mortgage fraud schemes that are either new or increasing in popularity.
Foreclosure
Read More
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
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
CNN - February 22, 2009
The Obama administration's efforts to help struggling homeowners will aid "responsible" borrowers, not deadbeats or speculators, Housing Secretary Shaun Donovan said Sunday.
President Barack Obama announced the plan Wednesday,
Read More
The Sunday Business Post - February 22, 2009
Just one day after signing a $787 billion economic stimulus package into law last week, President Barack Obama turned his attention directly to the housing crisis - and committed another $275 billion of taxpayers’
Read More
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