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macy macon

Reverse Mortgages on Rise in US - 0 views

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    "Reverse mortgages are increasing in the US as homeowners are taking out a reverse mortgage at the first available opportunity, which is the age of 62, as per federal law. Most of the home owners are paying off their debt with the proceeds and also using it to supplement retirement income."
macy macon

Consumer Financial Protection Bureau Proposes New Mortgage Disclosures - 0 views

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    "The federal consumer watchdog agency has come up with several proposals designed to control abuses in order to restore trust in the industry. Several controversial mortgage fees are sought to be banned and new disclosure forms will be provided to help borrowers understand the terms of the home loans. "
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