Articles filed under Mortgages
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U.S. would benefit from Danish-style mortgage systemAug 25, 2012 5:29 am - Last week’s column examined the two obvious strategies for expanding private sector lending as a replacement for Fannie Mae and Freddie Mac. The first, expansion of port...
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Why we need to expand private-sector mortgage lendingAug 18, 2012 5:22 am - The future of Fannie Mae and Freddie Mac, the two secondary market behemoths that became wards of the federal government in September 2008, is in limbo. Virtually all po...
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How to get the best deal on a reverse mortgageAug 11, 2012 5:28 am - As noted in last week’s column on reverse mortgages, seniors now have useful options under the Home Equity Conversion Mortgage (HECM) program that they didn’t have befor...
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Homeowner mortgage help topic of Schaumburg forumAug 07, 2012 4:33 pm - The Illinois attorney general’s office is hosting a “Help for Homeowners: Mortgage Resources” event at Community Recreation Center, located at 505 N. Springinsguth Road ...
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Homebuyers use reverse mortgage to their advantageAug 04, 2012 5:21 am - Many elderly homeowners want to remain homeowners but not in their current house. They may want a house that is smaller, or without stairs, closer to family or friends, ...
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How to choose a reverse mortgage in an industry nearing a crossroadsJul 28, 2012 5:02 am - FHA-insured reverse mortgages, called Home Equity Conversion Mortgages (HECMs), can be a lifesaver for elderly homeowners short of income. While aftershocks from the fin...
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Seven face federal fraud charges in mortgage 'scheme'Jul 24, 2012 4:00 pm - Seven men, mainly from the suburbs, are facing federal fraud charges stemming from what prosecutors called a “scheme” to bilk mortgage lenders out of more than $8.5 mill...
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Reverse mortgage defaults meet the industry at the crossroadsJul 21, 2012 1:55 am - Home Equity Conversion Mortgages (HECMs) are FHA-insured reverse mortgages that allow homeowners 62 years of age or older to withdraw cash from their home while retainin...
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Mortgage professor: Financial crisis hits reverse mortgages hard An industry at the crossroadsJul 14, 2012 3:44 am - A reverse mortgage is a secured loan to an elderly homeowner on which the borrower’s debt rises over time, but which need not be repaid until the borrower dies, sells th...
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Mortgage rates at historic lows, but it's harder to refinanceJul 11, 2012 5:30 am - Valeria and Milos Coric bought a home in Lincolnshire in 2002 and paid the monthly mortgage regularly. That devotion helped to build equity for them and stability for th...