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25 Jun 2020, 9:00 am by Amanda E. Phillips
A new rural or underserved counties list, utilizing the data points in the Interpretive Rule, has been published on the CFPB’s Mortgage Resources website. [read post]
22 Jun 2020, 5:00 am by Linda Ershow-Levenberg
Reverse mortgages have been an appealing option for many aged homeowners, because they provide access to the equity in the home when liquid assets are getting used up. [read post]
19 Jun 2020, 12:36 pm by Rebecca Tushnet
Here, the court reverses part of its earlier holding, with respect to non-advertising-based state law claims. [read post]
10 Jun 2020, 6:17 am by John L. Culhane, Jr.
The final rule would take effect on March 15, 2021, except for the revised change-in-term disclosure requirements for home equity lines of credit (which include reverse mortgages structured as open-end credit) (HELOCs) and credit cards that would apply as of October 21, 2021. [read post]
7 Jun 2020, 11:01 am by Stuart Kaplow
Senate Bill 806/House Bill 1182 (Chs. 441 and 442) alter these provisions by establishing that the redemption or extinguishment of the ground rent is effective to conclusively divest the ground lease holder of the reversion, vest the reversion in the leasehold tenant, and eliminate all rights, titles, or interests to the property, as specified, when the leasehold tenant records the certificate of redemption or extinguishment in the land records of the county in which the property… [read post]
7 Jun 2020, 5:00 am by Andrew Delaney
Provident moved to appeal, and SCOV reverses. [read post]
30 May 2020, 11:39 am by Sam Turco
  Presidential candidate Joe Biden recently came out in support of Senator Elizabeth Warren’s bankruptcy reform plan, which is somewhat embarrassing because she is basically proposing to nullify the Bankruptcy Reform Act of 2005 championed by Biden. [read post]
24 May 2020, 3:38 pm by Russell Knight
  You still have a mortgage, rent, credit cards, car payments, etc. [read post]
22 May 2020, 3:00 am by Jim Sedor
National/Federal Appeals Court Greenlights Emoluments Suit against Trump Politico – Josh Gerstein | Published: 5/14/2020 A lawsuit accusing President Trump of violating the Constitution by accepting foreign government money through his Washington, D.C. hotel can proceed to fact-gathering about Trump’s profits, a federal appeals court ruled. [read post]
19 May 2020, 7:40 am by Mark Ashton
The reverse mortgage or more properly the Home Equity Conversion Mortgage (HECM) has been around for a while. [read post]
18 May 2020, 10:43 am by Thomas Lore
A reverse mortgage comes with a good number of advantages and benefits. [read post]
8 May 2020, 3:00 am by Jim Sedor
National/Federal Both Parties Wonder: How much do conventions even matter anymore? [read post]
7 May 2020, 12:57 pm by Leonard L. Gordon and Katelyn J. Patton
In a majority opinion authored by Chief Justice Cantil-Sakauye, the Supreme Court reversed the Court of Appeal and held that the UCL and FAL causes of action at issue were equitable in nature and therefore properly tried by the court rather than a jury. [read post]
6 May 2020, 12:57 pm by Paolo Olavario
On April 10, Moody’s published its methodology for Reverse Mortgage Securitizations. [read post]