A welcome change of course from the Trump administration from Washington Post Virginia Rayford, 92, is facing foreclosure on her Washington home. (Salwan Georges/The Washington Post) By Editorial Board September 5 at 6:59 PM THERE ARE many good reasons for the federal government to intervene in the economy, but diverting resources from less affluent first-time home buyers […]
Might be right time
Senators Raise Questions About Reverse Mortgages and Trump Budget. If you have been waiting on a reverse mortgage, now might be the right time. A pair of senators from opposite sides of the aisle on Wednesday sent a joint letter to the Department of Housing and Urban Development, seeking clarification about a proposed change to […]
Want financial security?
Want financial security? Home equity and retirement accounts are key, by Robert Powell, CNBC, USA Today It might seem obvious, even simplistic. But having home equity and retirement accounts are key to most families’ financial assets and — by extension — retirement security. According to new research from the nonpartisan Employee Benefit Research Institute (EBRI), […]
HECM Limit Cap
Trump’s Proposed Budget Would Lift Reverse Mortgage Cap. by Alex Spanko The Trump administration’s proposed 2018 budget for the Department of Housing and Urban Development would eliminate the cap on the number of reverse mortgage loans. “This change supports the significant improvements that have been made to the program to reduce risk to the MMI […]
Reverse Mortgage Change
Reverse Mortgage Change. Reverse Mortgage Change. Trump’s Reforms Unlikely to Bring Short-Term Reverse Mortgage Change. President Donald Trump’s long-predicted executive actions targeting the financial industry made a major news splash on Friday, but key players in the reverse mortgage space and beyond are still waiting to see how the president’s plans will affect lenders and […]
Mortgage News
Mortgage News. Reverse Mortgage Alabama. President Trump Signs Order to Begin Dodd-Frank Overhaul by Elizabeth Eckler President Trump on Friday signed an executive order that aims to begin unwinding the The Dodd–Frank Wall Street Reform and Consumer Protection Act, a massive piece of financial reform legislation signed into law by President Barack Obama in 2010. […]
