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Mortgage Mayhem: Second Liens Become Sticking Point

Mortgage Mayhem: Second Liens Become Sticking Point As banks get down in the trenches to help borrowers take mortgage debt down a notch, second liens still stand in the way of successful home-loan workouts for many. Read more on TheStreet.com Mortgage lending increases for third month Mortgage lending rose for the third consecutive month during July to reach its highest level for a year, figures showed...

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What Is A Reverse Mortgage?

What Is A Reverse Mortgage? You may have heard your friends and family talking reverse mortgages. There have also been a lot of television commercials offering information about reverse mortgages and reverse mortgage companies. Yet, with all of this talk going on about FHA insured reverse mortgages and what they mean to you, what exactly is a reverse mortgage? A reversed mortgage is designed specifically...

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Lastest Mortgage News

Mortgage Originators’ Rate-Based Fees Targeted as Fed Reins In Industry The Federal Reserve announced rules aimed at preventing mortgage originators from receiving more compensation for selling home loans with higher interest rates. Read more on Bloomberg Estimated mortgage closing costs up 41 pct. in state, survey finds Average estimated mortgage closing costs spiked 41 percent in Illinois and 37...

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Reverse Mortgage Tax-Deductible?

Reverse Mortgage Tax-Deductible? One of the newest and more innovative financial tools for the Senior Citizen, today, is the reverse home mortgage.  Already very popular, as the info on the reverse home mortgage becomes widespread, and homeowners reach retirement age in large numbers, this may become the most popular home mortgage vehicle of all.  The reverse home mortgage solves a major financial...

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Mortgage rates decline to lowest level in decades

Mortgage rates decline to lowest level in decades Mortgage rates continued to decline this week, plunging to the lowest level in decades, according to surveys from Freddie Mac and Bankrate. Read more on CNNMoney.com via Yahoo! Finance Mortgage rates fall yet again Mortgage rates inch ever lower. Read more on San Diego...