Borrowers with FHA loans have the highest delinquency and default rates. Many analysts blame extremely liberal FHA underwriting policies, very low down payment requirements and seller concessions. Other factors that contribute to a default rate of almost 10% on FHA mortgages are slow income growth, high unemployment and declining home values. Regardless of the causes […]
Archives for August 2012
Four Tips On How To Avoid FHA Foreclosure Rescue Scams
August 15, 2012 Filed Under: FHA Foreclosure Help, FHA loan, FHA mortgage
States Move To Protect Seniors Considering A Reverse Mortgage With Face-To-Face Interviews
August 15, 2012 Filed Under: FHA Eligibility Requirements, FHA Home Equity Conversion Mortgage, FHA loan, FHA mortgage, FHA reverse mortgage
The nonstop ads on cable television make it sound like reverse mortgages are the magical solution to every financial problem faced by the elderly. Reverse mortgages are, in fact, the most complex mortgage product out there. Most seniors probably don’t fully comprehend what they are getting into with a reverse mortgage unless they possess a […]