Tuesday, March 31, 2015

Brokerage Firm Rating Disclosure Update on Walter Investment Management Corp

Brokerage Firm Rating Disclosure Update on Walter Investment Management CorpIn November 2012, the Company acquired Reverse Mortgage Solutions, Inc. In January 2013, it acquired originations and capital markets platform of ...See Original Article
VFW linked to troubled mortgage lenderFor each referred member who contacted NewDay about a reverse mortgage and completed mandatory counseling, http://www.reverse-mortgageloans.com/brokerage-firm-rating-disclosure-update-on-walter-investment-management-corp/
I really liked this articleBrokerage Firm Rating Disclosure Update on Walter Investment Management Corp

CFPB Diversity Efforts Under Fire

Gfk poll finds consumer confidence helped by low inflation and buoyant job market, while Bank of England reports highest mortgage approvals in six months
Britons enter the five-week election campaign more upbeat about the economy than at any time in almost 13 years, according to the latest snapshot of confidence from the polling organisation Gfk. Against a backdrop of falling inflation and a http://www.facebook.com/myloantips/posts/10206307096302969

CNBC: Millennials Face Rough Retirement Road Ahead

CNBC: Millennials Face Rough Retirement Road AheadComing of age during a time where wars in the Middle East and a crashing housing market took their tolls on the U.S. economy, millennials�"despite their youth and skill sets�"will be shortchanged when it comes to planning for retirement, according to a recent CNBC commentary. Defined as individuals ages 18 to those in their early […]See http://www.reverse-mortgageloans.com/cnbc-millennials-face-rough-retirement-road-ahead/
to learn more about thisCNBC: Millennials Face Rough Retirement Road Ahead

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New online tool helps budget for a financial emergency

New online tool helps budget for a financial emergencyA home-equity line of credit or a reverse mortgage are two options, and health savings accounts paired with high-deductible health plans offer tax ...See Original Article
Powered by http://www.reverse-mortgageloans.com/new-online-tool-helps-budget-for-a-financial-emergency/
to learn more about thisNew online tool helps budget for a financial emergency

HUD To Delay Reverse Mortgage Financial Assessment Date

HUD To Delay Reverse Mortgage Financial Assessment DateThe Department of Housing and Urban Development (HUD) has announced today its decision to delay implementation of the long-heralded Financial Assessment rule just weeks before its effective date. Citing a delay in the delivery of “certain system enhancements” required to support policies published in Mortgagee Letters 2014-21 and http://www.reverse-mortgageloans.com/hud-to-delay-reverse-mortgage-financial-assessment-date/
to learn more about thisHUD To Delay Reverse Mortgage Financial Assessment Date

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Monday, March 30, 2015

Average Retirement Age Ticks Up, But Not Much

Average Retirement Age Ticks Up, But Not MuchRetirement has changed considerably since the 1960s, especially when it comes to the reasons for retiring and the age at which to stop participating in the labor force.  But now, as the average retirement age begins to level off, this is suggesting that earlier drivers of working longer are no longer having a substantial impact […]See Original http://www.reverse-mortgageloans.com/average-retirement-age-ticks-up-but-not-much/
to learn more about this and more head over hereAverage Retirement Age Ticks Up, But Not Much

Congress Backs FHFA’s Move to Support Housing Trust Fund

Congress Backs FHFA’s Move to Support Housing Trust FundFederal Housing Finance Agency (FHFA) Director Mel Watt announced Thursday that he will back the Housing Trust Fund, a move that earned support in Congress.  In his announcement, Watt directed Fannie Mae and Freddie Mac to begin setting aside and allocating funds to the Housing Trust Fund and the Capital Magnet Fund, pursuant to the http://www.reverse-mortgageloans.com/congress-backs-fhfas-move-to-support-housing-trust-fund/
what if this really worked?Congress Backs FHFA’s Move to Support Housing Trust Fund

California’s Reverse Mortgage ‘Cooling Off’ Law Takes Effect

The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies
The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England showed, as rates continued to fall and lenders got to grips with affordability rules.
Related:Ignore the ‘experts’ and split your mortgage two http://ourhavingfun.tumblr.com/114680602919

HUD Seeks Reverse Mortgage Non-Borrowing Spouse Revisions

HUD Seeks Reverse Mortgage Non-Borrowing Spouse RevisionsOn the heels of new guidance released in January on non-borrowing spouses of reverse mortgage borrowers, the Department of Housing and Urban Development is asking for more change in its 2016 budget request released this week.  After outlining new guidance for lenders that allows them an option to reassign certain loans with http://www.reverse-mortgageloans.com/hud-seeks-reverse-mortgage-non-borrowing-spouse-revisions/
to learn more about this and more head over hereHUD Seeks Reverse Mortgage Non-Borrowing Spouse Revisions

Obama Directs FHA To Reduce Mortgage Insurance Premiums

The receding likelihood of a base rate rise in 2015 has a sparked a price war between banks and building societies

The number of mortgages take out for house purchases and remortgages increased in February, figures from the Bank of England showed, as rates continued to fall and lenders got to grips with affordability rules.

Related:Ignore the ‘experts’ and split your mortgage two ways

Early signs that banks are seeking to raise mortgage availability are likely to continue

Continue reading...

Mortgage approvals rise as rates continue to fall


Sunday, March 29, 2015

Top Mortgage Tips For 2015

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteria

Are you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number of “mortgage misfits” who struggle to find a lender willing to offer a loan.

Tough restrictions imposed by the City regulator to ensure borrowers can really afford a mortgage �" and wariness about lending on certain types of properties �" mean that many applicants are being turned down.

Related:Tougher mortgage rules come into force

Most lenders will consider the self-employed if they can provide two or three years’ accounts showing sufficient income

Once you go above the sixth floor you run into trouble with lots of lenders

I would urge lenders to think about making the market work more effectively for mortgage misfits

Continue reading...

More...


Study: Suburban Residents Happier Than Rural, City Dwellers

Study: Suburban Residents Happier Than Rural, City Dwellers

Suburban residents appear to be happier than those who live in rural areas and inner cities, according to a new study measuring the mental health of residents in communities nationwide. The study examines the effects of socioeconomic and environmental variables on the number of days of poor mental health reported across U.S. counties. “People who live […]
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WSJ: Six Common Aging Myths Busted

Contrary to popular belief, aging is not a time of loneliness, depression and physical or mental decline, especially when looking at recent research that dispels many of the common myths of aging, reports The Wall Street Journal. The concept of aging may carry a negative connotation for many people, however, some of the most common presumptions […]
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I really liked this articleStudy: Suburban Residents Happier Than Rural, City Dwellers

ReverseVision Restores Service Following System Outage

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteria

Are you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number of “mortgage misfits” who struggle to find a lender willing to offer a loan.

Tough restrictions imposed by the City regulator to ensure borrowers can really afford a mortgage �" and wariness about lending on certain types of properties �" mean that many applicants are being turned down.

Related:Tougher mortgage rules come into force

Most lenders will consider the self-employed if they can provide two or three years’ accounts showing sufficient income

Once you go above the sixth floor you run into trouble with lots of lenders

I would urge lenders to think about making the market work more effectively for mortgage misfits

Continue reading...

http://www.theguardian.com/money/2015/mar/14/mortgage-misfit-borrowers-lenders-criteria


Retirees' Housing Wealth Substantial For Reverse Mortgages

Retirees' Housing Wealth Substantial For Reverse Mortgages

A reverse mortgage offers a way for those 62 and older to stay in their home, she explains, adding that people with a conventional mortgage can ...
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BUSINESS SPOTLIGHT: Ford McNutt

Q: What is a reverse mortgage it and why would someone do it? A: I don't handle reverse mortgages myself, but in general they are for people 62 and ...
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what if this really worked?Retirees' Housing Wealth Substantial For Reverse Mortgages

Home Prices Rising Fastest In Boomer-Dominated Markets

Home Prices Rising Fastest In Boomer-Dominated MarketsAsking prices on for-sale homes nationwide rose 7.4% year-over-year in November, and in 10 of the U.S. metros where prices increased the most ...See Original Article
Boomer Roommate Site Takes New Approach to Senior Co-HousingFor those baby boomers who are too young for senior living and not yet eligible for reverse mortgages, a
http://www.reverse-mortgageloans.com/home-prices-rising-fastest-in-boomer-dominated-markets/

HUD Seeks Reverse Mortgage Non-Borrowing Spouse Revisions

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteriaAre you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number
https://plus.google.com/107064406271505327484/posts/jYhwcsmNoTR

Saturday, March 28, 2015

Necessary Preparations For New Jersey Home Mortgage Loan Posted By: GLF

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteriaAre you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number
https://plus.google.com/+Reversemortgageloansallstates/posts/aK8DJ59YRo9

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Thursday, March 26, 2015

S1L Task Force Joins Texas Tech on Reverse Mortgage Initiative

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteriaAre you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number
Read More Here

HREMIC Issuance Tops $5 Billion to Close 2014

HREMIC Issuance Tops $5 Billion to Close 2014HREMIC issuance reached the third highest annual volume in full-year 2014, but remained “far off” from its record year, according to the latest HREMIC rankings from New View Advisors based on publicly available Ginnie Mae data. Five different sponsors underwrote 25 transactions, totaling $5.05 billion in HREMIC issuance to close out 2014.  Bank
what if this really worked?HREMIC Issuance Tops $5 Billion to Close 2014

The Mortgage Professor: The fixed-rate, adjustable-rate decision

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteriaAre you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing number

West Allis Mortgage Lender: Finding Out The Right One Posted By: GLF

West Allis Mortgage Lender: Finding Out The Right One Posted By: GLFChoosing the right West Allis mortgage lender will only be possible when you take a look at all the many simple aspects.
The most important things which you will always have to remember and also take a look at while planning for refinancing, is that you will have to pick on the right kind of a mortgage lender. There are tooTo read more on this topicWest Allis Mortgage Lender: Finding Out The Right One Posted By: GLF

Wednesday, March 25, 2015

CFPB Names New Enforcement Chief

Tougher rules mean a growing number of borrowers are finding it hard to get a mortgage. But there are options for those who no longer fit lenders’ criteriaAre you over 45? Self-employed? Divorced and remortgaging late in life? Got your eye on a great ex-council house? Or like the look of that cheap studio flat? If you are in any of these groups, you are likely to be among the growing numberCheck out more

WSJ: Use Reverse Mortgage to Increase After-Tax Wealth

WSJ: Use Reverse Mortgage to Increase After-Tax WealthUsing proceeds from a reverse mortgage could help retirees strategically maximize the after-tax value of their wealth, according to a recent column in The Wall Street Journal.  In his column, Wade Pfau �" a professor of retirement income at The American College in Bryn Mawr, Penn. �" suggests that reverse mortgage proceeds can boostCheck out more
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