mortgage lending Archives - HECMWorld.com

Why More Older Mortgage Applicants Are Denied Credit

older mortgage applicants rejected denied

Here are three reasons older mortgage applicants are rejected more than their younger counterparts.

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Home Equity mortgage lending seniors

Parent Company of former HECM lender converts to Chapter 7

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EPISODE #818

Parent company of former HECM lender converts to Chapter 7 Bankruptcy

[Housing Wire]

A judge in the U.S. Bankruptcy Court for the District of Delaware has allowed the parent company of a former reverse mortgage lender to convert from Chapter 11 to Chapter 7 bankruptcy. Here’s why the conversion was granted by the court. Here are the details.

Other Stories:

- [San Jose Mercury News] Elderly woman murdered in scam that involved a reverse mortgage
  
  [Housing Wire] HUD’s proposed budget reveals reverse mortgage Congressional requests

HSomRSan

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financial advisors media bias mortgage lending

Kiplingers: Six questions to ask before getting a reverse mortgage

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EPISODE #817

Six questions to ask before getting a reverse mortgage

[Kiplingers]

Six financial professionals from Kiplinger Advisor Collective submit questions homeowners should consider before getting a reverse mortgage. Spoiler alert- they’re actually fair-minded..

Other Stories:

- [Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.
  
  [National Mortgage News] Nation’s largest mortgage lender shutters mortgage origination platform.

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financial advisors media bias mortgage lending

This Bay Area County modified ADU rules to ease senior housing crunch

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EPISODE #816

Bay Area lawmakers modify ADU rules to ease senior housing crunch

[Housing Wire]

One Bay Area county approved reduced fees for accessory dwelling units (ADUs) to help ease the housing crunch for those in transition, especially seniors.

Other Stories:

- [Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.
  
  [Housing Wire] Traditional mortgage demand drops to a record low.

HSomR

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