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CFPB Cracks Down on Mortgage Servicers, Alleging Harmful Practices Against Older Homeowners | JD...
JD Supra· 14 hours agoA reverse mortgage is a special type of home loan only available to homeowners who are 62 and older seeking an income stream from their ...
When Does a Reverse Mortgage Make Sense? A Look at the Pros and Cons
US News & World Report· 4 days agoReverse mortgages can be good for aging in place and supplementing retirement income. Reverse mortgages are loans ...
Montana aims to remind seniors about its ‘reverse annuity mortgage’
HousingWire via Yahoo Finance· 3 days agoThe Montana...homes,” she said. “Eligible homeowners can borrow a minimum of $15,000 up to a maximum...
CFPB takes enforcement action against former HECM servicing contractor
HousingWire via Yahoo Finance· 6 days ago“NOVAD was a prime contractor that entered into a series of contracts with [HUD] to provide loan...
4 Ways Baby Boomers Become ‘House Poor’ in Retirement
GOBankingRates via Yahoo Finance· 24 hours agoThere are approximately 72 million baby boomers alive in the United States, as of 2019. Many of...
Get the lowest HELOC rates available in June 2024
CNN.com· 10 hours agoIf you’re among homeowners looking to tap home equity, you may be closely watching home equity line of credit (HELOC) rates (and mortgage refinancing...
Is a HELOC or home equity loan better to borrow $80,000?
CBS News· 5 hours agoWith just over $300,000 worth of equity, the average homeowner has a significant amount of money...
What happens to your mortgage after you die?
AOL· 6 days agoHow you set up your will and estate plan can make a big difference in what happens to your mortgaged home after you die — and how much of an asset you’re...
Should retirees use their homes to pay bills?
Bankrate via Yahoo Finance· 5 days agoCash-out refinance If you still have a mortgage, you can also access your home equity with a cash-out refinance, which replaces your existing loan with...
Looking for a low mortgage rate? Pay attention to these 3 upcoming dates
CBS News· 3 days agoMortgage interest rates plummeted to near-record lows in 2020 thanks to the pandemic and interest...