The most popular type of reverse mortgage is the federally insured reverse mortgage backed by the U.S. Department of Housing and Urban Development, known as a Home Equity Conversion Mortgage, or HECM.
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What you should know about reverse mortgages
Posted by mortgage 10 hours ago (Editorial)
Fitch Takes Various Actions on Homeward Residential (Formerly American Home Mortgage Servicing, Inc)
Posted by mortgage 10 hours ago (Editorial)
Fitch Ratings has taken the following rating actions for Homeward Residential's U.S. Residential Servicer ratings as follows:
AIG ventures back into subprime mortgages
Posted by mortgage 2 days ago (Editorial)
American International Group, the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.
Mortgage Lender Residential Finance Corp. Explains Benefits of HARP 2.0
Posted by mortgage 6 days ago (Editorial)
When June Snow first looked into refinancing her interest-only mortgage, she was told it would be impossible because the value for her three-bedroom, two-bath ranch style home was not in the necessary range.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 6 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Residential Capital seeks Chapter 11 protection
Posted by mortgage 6 days ago (Editorial)
Residential Capital, the unprofitable subprime mortgage company whose parent Ally Financial is trying to repay a U.S. government bailout, filed for bankruptcy and plans to sell most of its assets to Fortress Investment Group.
Residential Finance Corp.?s David K. Stein 2012 Finalist for Top Corporate Counsel Award
Posted by mortgage 9 days ago (Editorial)
Residential Finance Corp. , a nationwide mortgage lender, announced today that David K. Stein, RFC?s co-founder, senior vice president and general counsel, has been selected as a finalist in Columbus Business First?s Top Corporate Counsel program.
Residential Mortgage seeking Chapter 11 protection
Posted by mortgage 9 days ago (Editorial)
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some ...
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