Tag Archives: Reverse Mortgages

Mortgage bailout not over, FHA to draw $1.7 billion

The negatives, however, are that the FHA is making far fewer loans today due to tighter underwriting and higher fees. That means it is making less money, even though its newer loans are performing extremely well. The estimates for the … Continue reading

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Investors Sue Government Over Fannie, Freddie Stock

The lawsuit, filed in U.S. Court of Federal Claims, comes just as a new bill is being drafted in Congress to reform housing finance and potentially liquidate Fannie and Freddie. Sens. Bob Corker (R-TN) and Mark Warner (D-VA) have been … Continue reading

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Housing Investors Cool on Buy-to-Rent Model

Nearly half the investors surveyed said they planned to cut back on purchases of homes in the coming year; in a survey last August, just 30 percent said they planned to cut back. Only 20 percent of investors said they … Continue reading

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Reverse Mortgages Backfiring on Seniors

Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading

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Reverse Mortgages Are Backfiring on Some Seniors

Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading

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