Elderly Often Vulnerabe to Mortgage Fraud

The elderly are becoming increasingly vulnerable to mortgage fraud and other types of financial abuse and their biggest threat may be their own families. As tougher economic times befall more Americans and there still exists a shady, predatory element to … Continue reading →

Fitch Updates Chilean Residential Mortgage Criteria Assumptions

Fitch Ratings has today updated its rating methodology for assessing credit risk in Chilean residential mortgage loan pools that are used as collateral for structured finance trans

Is bankruptcy an option with reverse mortgage?

Dear Bankruptcy Adviser,If somebody has a reverse mortgage, could he file for bankruptcy and still keep the house -- of course meeting all the other obligations to the mortgagor?-- John Dear John,This ...

Why Mortgage Rates are so Low While Credit Card Rates are so High

As interest rates on mortgages and car loans hit historic lows and keep falling, interest rates on credit cards continue to move higher. What's the deal?

Mortgage deal provides limited relief to foreclosed homeowners

About 20,000 Missourians who lost their homes to foreclosure could be eligible for checks of roughly $2,000 under a nationwide settlement between five giant banks and attorneys general for 49 states, including Missouri and Illinois.