FHA and The Department of HUD have been authorized by congress to improve the HECM Reverse Mortgage Program. The legislation passed by both the House and the Senate authorizes HUD to improve the program, based on past assessments, so that it better s
Sep 02, 2013 | Reverse Mortgage supplemental retirement income HECM Reverse Mortgage FHA HUD
In a July post, I briefly explained forbearance as it relates to the Loan Modification process. I suggested caution and thorough consideration when your lender makes this a requirement of your requested Loan Modification. I also noted that even if y
Aug 15, 2013 | Short Sales solutions for underwater properties Loan modification
The mortgage market place has been heavily re-regulated since 2008 and for years we have relied on volumes of disclosures to guide and protect our borrowers. Do you think for a moment that regulation prevents money motivated unscrupulous acts?
Aug 01, 2013 | Reverse Mortgage Retirement Planning supplemental retirement income Government insured mortgage lifetime income with a Reverse
The Loan Modification process can be tricky. I personally do not endorse modifications because I do not believe that they are fair or equitable for the borrowers. Having said that, the process is fraught with risk and you need to understand wh
Jul 16, 2013 | Short Sales Loan modification
Many have complained that the process of getting a mortgage post crisis is very difficult. Here is what you should expect: Re-regulation of the mortgage industry has collectively been a treat for all of us, both as industry providers and borrower
Jun 25, 2013 | Traditional Mortgage Short Sales Mortgage Loan Process
This article was published in The Washington Post on June 15th, 2013. In the event you missed it, I think it is a terrific example of what can happen without proper mitigation. This is exactly what you want to avoid. This applies to Short
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