One Reverse Mortgage Halts All New Originations And Transfers 500 Employees One Reverse Mortgage halts all new originations! Quicken Loans announced this week it was halting all originations at One Reverse Mortgage. The company is shifting all of the company’s employees over to Rocket Mortgage. One Reverse Mortgage is one of the biggest reverse mortgage […]
Reverse Mortgage Foreclosure Alert! Detroit Ranks Number 1 In The Nation For Reverse Mortgage Foreclosures! Detroit finally ranks number one for something. The good news is that it’s not for murders or homicides. The bad news it’s not for any of their sports teams. Anyone who does reverse mortgage foreclosure defense knows it’s for reverse […]
Federal Courts Have Provided Non-Borrower Spouses With Protections From Reverse Mortgage Foreclosure Non-Borrower Spouses whose names were not on Reverse Mortgages were pretty screwed when the spouse died. However, in 2013, the federal court in the District of Columbia handed down a landmark ruling. The ruling recognized the need to protect surviving spouses in this situation. Bennett […]
HECM Reverse Mortgage Rules Allow Non-Borrower Spouses Of Reverse Mortgage Borrowers To Remain In The Home FHA announced changes to its HECM Reverse Mortgage rules two years ago. Yet, many people are unaware that these changes in the HECM program allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new […]
A Reverse Mortgage Can Subject You To Foreclosure If You Don’t Follow The Rules A reverse mortgage is available to senior citizens aged 62 or over. These specialized loans essentially use the equity in a home as the basis for cash payments to the senior. Seniors can utilize these payments to supplement Social Security and […]
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