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Yahoo News Mortgages Feed
Real Estate and Mortgage News Feeds
Real Estate and Mortgage News Feeds
Reverse mortgages focus of hearing near St. Louis (Jefferson City News Tribune)
UNIVERSITY CITY, Mo. (AP) -- Reverse mortgages, increasingly used by seniors to help fund retirement or pay unexpected medical bills, are often accompanied by excessive fees and marketed using overly aggressive tactics, Sen. Claire McCaskill said Monday. Societies renew faith in 90% mortgages (Financial Times)
Building societies are showing a renewed appetite to offer loans for 90 per cent of a property’s value as competition begins to creep back into the market for mortgage borrowers with small deposits. Changes likely coming for reverse mortgages (The Charlotte Observer)
Q. This comment is in regards to your recent column about reverse mortgages. You told your readers that they can take between 50 percent to 70 percent of their equity in cash from a mortgage lender and that the money doesn't need to be paid back. Why those who can pay walk away from mortgages (MENAFN)
Why those who can pay walk away from mortgages Owe more than your home is worth? You can still refinance, but it's complicated (Seattle Times)
The federal government's Home Affordable Refinance program is designed to help homeowners refinance their mortgages, even if they owe slightly more than their home is worth. B ut it applies only to loans owned or guaranteed by Fannie Mae or Freddie Mac and the rules are complex.
Linknet Articles are part of the Linknet Network of websites and blogs. Other
resources you might be interested in include Real Estate Radio, For Sale By Owner Canada, Cottage and Vacation Homes in Canada, Inexpensive Virtual Tours, a Real Estate blog called Inside Real Estate, as well as numerous websites and blogs that are part of The Linknet Network of websites.
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