Originally published here by The New York Times. By TARA SIEGEL BERNARD Published: September 6, 2013 The spigot on reverse mortgages has been slowly tightened over the last several years. Borrowers can no longer tap as much of their home equity as they could before the housing crisis. Now the rules are about to change […]
When a House Is Just a House, and Family Means Home
Joe Raedle/Getty Images Many Florida residents are still struggling to recover from the wave of foreclosures. By NEIL REISNER Published: April 15, 2013 in the New York Times The man who delivered the foreclosure papers was all business. He met my wife, Ruth, in the driveway as she was bringing the kids home and gave […]
Mortgages: The Benefits of Counseling
Published: March 28, 2013 Is prepurchase counseling an effective way to prevent buyers from taking on more house than they can afford? A new study from NeighborWorks America, a community development agency, links buyer counseling to significantly lower default rates. In an evaluation of 75,000 mortgages originated from 2007 to 2009, NeighborWorks determined that borrowers […]
Rushing Into a Mortgage Can Prove Costly
Wealth Matters Niko J. Kallianiotis for The New York Times Joseph Wilbur of Forest Hills, Queens, encountered problems when he said he wanted to close his mortgage quickly. By PAUL SULLIVAN Published: January 18, 2013 THE housing market in the United States is starting to show signs of improvement. Mortgage rates remain low. New construction […]
New mortgage rules: A checklist for consumers
By Danielle Douglas, Published: January 10 Checklist for potential home buyers If you are considering buying a home next year,there are a few things you might want to consider now that the government has issued new mortgage-lending rules. More on this Story New mortgage rules could benefit small banks New rules: A checklist for consumers The […]
