Posts Tagged ‘Impac Mortgage Holdings Inc.’

HUD Revises the Rules Related to Reverse Mortgages

HUD Revises the Rules Related to Reverse Mortgages

HUD’s new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)

Data shows Nationstar Approves Loan Modifications at Much Lower Rate than Big Banks

Data shows Nationstar Approves Loan Modifications at Much Lower Rate than Big Banks

Look, as a business person, I do understand the impetus here. Bank of America’s CEO has a fiduciary duty to maximize shareholder value, and let’s face it... servicing mortgages these days simply can’t be worth the money involved. ... (Continue reading)

Reverse Mortgage Nightmares Should Never Happen – Top 10 Misconceptions About Reverse Mortgages

Reverse Mortgage Nightmares Should Never Happen - Top 10 Misconceptions About Reverse Mortgages

I’ve learned that the reverse mortgage is one of those products that isn’t well understood at least as often as it is. Ask anyone what they think about reverse mortgages, and you’ll get answers from one end of the... (Continue reading)

Creative Uses for Reverse Mortgages… That You’ve Probably Never Considered

Creative Uses for Reverse Mortgages... That You've Probably Never Considered

I can’t think of anything that’s anything like a reverse mortgage. And the more I think about how they work and can be structured, the more uses for them come to mind. For example, one of the best... (Continue reading)

Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages

Illinois Attorney Saves Homes from Foreclosure Using Reverse Mortgages

Reverse mortgages are not going to be an available path for many homeowners facing foreclosure, but for those 62 and older... who have equity in their homes... they can offer an answer and benefits that no other path can provide...... (Continue reading)

Discussing Foreclosure Crisis Solutions with Impac Mortgage CEO Joe Tomkinson

Discussing Foreclosure Crisis Solutions with Impac Mortgage CEO Joe Tomkinson

I think Impac has proven that it has the capability and desire to be a meaningful part of the solution to the foreclosure crisis... they successfully modified tens of thousands of loans, and in general, they got loans modified in... (Continue reading)

What Makes a Mortgage a “Bad Loan?” I’m Confused.

What Makes a Mortgage a “Bad Loan?”  I’m Confused.

Or do we only judge a loan to be “bad” after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan “good” until it defaults and then it becomes “bad.” And is... (Continue reading)

One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

One Bank Did Right by Homeowners & Shareholders - A Story You Haven't Heard Before

There is one mortgage banker that did it right for their shareholders and borrowers. They didn’t take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)


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