February, 2016

DOER ALERT: Support Homeowner Survivor Bill of Rights – Extend Foreclosure Protections to Widowed Spouses

DOER ALERT: Support Homeowner Survivor Bill of Rights - Extend Foreclosure Protections to Widowed Spouses

Senate Bill 1150... “clarify the responsibilities of a mortgage lender when a borrower dies and passes the home along to a survivor who wishes to assume the home loan.” Lenders say that widows and heirs, if not on the... (Continue reading)

Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.

Okay, so tell me why everyone who can doesn’t use a reverse mortgage this way.

Who wouldn’t want a line of credit that’s guaranteed to increase every year even if the home’s value remains flat or goes down. Nothing does what the HECM Line of Credit does.... (Continue reading)

More Crap Reporting on Reverse Mortgages – Joe Hernandez of Newsworks.com

More Crap Reporting on Reverse Mortgages - Joe Hernandez of Newsworks.com

The hardest part of trying to learn about reverse mortgages is wading through the misleading articles, often written by people under 40, who clearly don't know enough about the product or the market to be covering the subject matter.... (Continue reading)

Are You Overestimating Your Ability to Access Your Own Money in Retirement?

Are You Overestimating Your Ability to Access Your Own Money in Retirement?

I’ve found that most homeowners are dramatically overestimating their ability to pay off mortgages in retirement and/or access the equity in their homes once retired.... (Continue reading)

Nationstar: Servicer’s Stock Price Closes at New Low… Look Out Below!

Nationstar: Servicer’s Stock Price Closes at New Low... Look Out Below!

It seems like only yesterday that I was writing about mortgage servicing's latest disaster-in-the-making, Nationstar and today the company's stock sank to a new single-digit low of $8.99.... (Continue reading)

Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen

Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen

Just when I was sure that no servicer could be worse than Wells Fargo or HSBC... here comes Nationstar, a servicer seemingly dedicated to reaching new lows.... (Continue reading)

California No Longer Foreclosure Kingpin? Playing with the data… again.

California No Longer Foreclosure Kingpin? Playing with the data... again.

The headline in the OC Register about California no longer being the foreclosure kingpin is just flat out misleading.... (Continue reading)

Why Did Obama Wait Until December 2015 to Extend Mortgage Debt Forgiveness Act?

Why Did Obama Wait Until December 2015 to Extend Mortgage Debt Forgiveness Act?

I wonder how many people chose foreclosure last year because the Act had not been extended… only to find out now that Obama made the extension retroactive.... (Continue reading)

California Supreme Court Ruling is an Important Win for Homeowners

California Supreme Court Ruling is an Important Win for Homeowners

California's Supreme Court has ruled... assuming a purchase money mortgage, homeowners don’t have to worry about deficiency judgments regardless of whether foreclosure or short sale.... (Continue reading)

Mortgage Forgiveness Debt Relief Act Extended Again… and Again… and Again

Mortgage Forgiveness Debt Relief Act Extended Again… and Again... and Again

President Obama extended the Mortgage Forgiveness Debt Relief Act through December 31, 2016. The extension is retroactive and covers mortgage debt cancelled in 2015. ... (Continue reading)


Page Rank