MFI-Miami

Reverse mortgages

Reverse Mortgage Spouses

Reverse Mortgage Spouses have Borrower Rights Rules Judge

Reverse Mortgage Spouses Now Have Same Rights As Borrower Reverse Mortgage Spouses now have the same survivor rights as borrowers who have conventional mortgages. A recent Florida Court of Appeals ruling says the definition of “borrower” in reverse mortgages includes surviving spouses.  This was following recent changes made by HUD that expanded the rights of non-borrower

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drowning ocwen

FHA Rules Finally Deals With Spousal Issues In Reverse Mortgages

New FHA Rules For Reverse Mortgages Would Allow Non-Borrowing Partners To Remain In The Home FHA announced changes to its reverse mortgage program that would allow non-borrowing spouses to stay in their homes after the last surviving borrower dies. FHA released new guidance earlier this year allowing lenders to delay foreclosure proceedings against non-borrowing spouses.

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Quicken Loans

US DOJ Sues Quicken Loans Under False Claims Act

Quicken Loans Faces Losing Billions Of Dollars If Found Liable Under False Claims Act Detroit-based Quicken Loans has been sued by the DOJ today under the False Claims Act. The DOJ alleges that Quicken bullied appraisers to receive higher values for applicants. They also allege underwriting managers encouraged underwriters to “fudge” the incomes of hundreds

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Homeowners

Homeowners Should Not Play Amateur Lawyer

Attention Homeowners: You Are Not Ben Matlock! Homeowners Should Not Play Amateur Lawyer Here Is An Example Of Why Homeowners Should Not Play Amateur Lawyer I like to keep up with homeowners who like to play Ben Matlock. So over Labor Day weekend, I discovered a series of “Notary Certificate of Protest and Judgement In Estoppel”

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