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Eliminating fixed-rate HECM loan makes no sense
Fixing FHA's reverse mortgage programEditor’s note: This is the second of a three-part series. See Part 1. The first article in this series indicated that major changes were needed in the HECM program...
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HECM’s success depends on reversing negative perceptions
Fixing FHA's reverse mortgage programEditor’s note: This is the third of a three-part series. See Part 1 and Part 2. Last week’s article proposed capping cash draws in the early years of a home equity...
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New mortgage affordability rules offer hope
Current standards too strict for their own good"What is your assessment of the new set of regulations issued by CFPB?" My quick reaction to the hundreds of new mortgage rules recently issued by CFPB,...
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Why no subprime ‘criminals’ have gone to jail
Lending policies can fuel -- or avert -- housing bubbles Editor’s note: This is the first of a two-part series. "According to a recent ‘Nightline’ program, none of the Wall Street executives who...
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Eliminate ‘profit illusion’ from mortgage lending
New regulations may prevent another bubble, but deprive consumers of optionsEditor’s note: This is the second in a two-part series. Read Part 1, "Why no subprime ‘criminals’ have gone to jail." As...
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Avoid overcharges when refinancing
New tool aims to eliminate pricing gamesmanship when comparing loan optionsThe process of deciding whether to refinance a mortgage in order to lower costs involves four steps: Step one: Select the...
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Understanding HECM loan’s dual interest rates
What seniors should know if borrowing costs start to riseThis is a great time for senior homeowners to take out a home equity conversion mortgage (HECM), especially if they don’t need the extra money...
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Borrowers control risks associated with reverse mortgages
Fear of losing one's home does not encourage rational thoughtQ: "It seems to me that you are writing a lot about reverse mortgages recently … is the subject really worth the time you are spending on...
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Splitting real estate in divorce
Complications arise when home is underwaterIf a couple is not married when they purchase a house, the possibility of a future split looms large, and they should agree before the purchase on how the...
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Protect yourself against loan lock scams
If market price changes, lock should be based on 'twin sibling rule'A price quote means nothing until it is properly locked with the lender. A rate lock, as it is commonly called, is the lender’s...
View Article5 tips to turn your blog into a lead generation machine
Takeaways: Blogging is a marketing tool to educate and engage Web visitors as well as to convert traffic into leads and sales. A lead bait is not a bribe — it is an added value to an already existing...
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