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4 Ways Baby Boomers Become ‘House Poor’ in Retirement
GOBankingRates via Yahoo Finance· 4 hours agoThere are approximately 72 million baby boomers alive in the United States, as of 2019. Many of...
How does a fixed-rate HELOC work?
Bankrate via Yahoo Finance· 3 days agoWhat is a fixed-rate HELOC? If a regular HELOC is akin to a big credit card, a fixed-rate HELOC is similar to a second mortgage. Actually, it’s a hybrid...
Should I go into debt to fix up my home? High interest rates put owners in a bind
USA Today· 4 days agoOne in 5 homeowners has taken on debt to cover maintenance and other “hidden costs” of...
CFPB takes enforcement action against former HECM servicing contractor - HousingWire
HousingWire· 5 days agoDepartment of Housing and Urban Development (HUD).
Montana aims to remind seniors about its ‘reverse annuity mortgage’
HousingWire via Yahoo Finance· 2 days ago“Additionally, lump sum advances are available at loan closing, and up to $10,000 is available for...
'Sale-leasebacks' offer to help homeowners needing cash. Some lose thousands
NPR· 6 days agoI'm doing the right thing by starting this deal. This is going to help me," he said. "Well, it didn't help me. It made it worse financially." In Shreffler's mind, the transaction seemed similar ...
How to Escape From a Zombie Mortgage
US News & World Report· 3 days agoA zombie mortgage is generally an old second mortgage that unexpectedly resurfaces after you'd thought it had been resolved. Whatever other action you decide to take, don't ignore a zombie mortgage ...
Private equity can't sell companies, so it's taking debt dividends
Axios· 5 days agoPrivate equity's exit drought has led to a record number of dividend recaps, which is when PE funds...
Brace yourself, a 2008 mortgage crisis may be set off by this crazy Biden scheme
Fox News· 6 days agoIt was only 17 years ago that the "subprime" mortgage crisis torpedoed the economy and sent the...
Bridge Loans - a housing market secret that helps buyers
Fox local via AOL· 4 days agoThe low inventory of available homes means potential buyers have to get creative if they plan to set themselves apart from the rest of the field. But newcomers to the market are likely not aware of some of the resources available to them.
