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Experts weigh in on whether seniors should get new mortgages: Bankrate

Housing Wire

Age information is collected at the time of origination, but only for Home Mortgage Disclosure Act (HMDA) purposes. Seniors, even those of advanced age, are legally required to face the same qualification requirements as any other mortgage applicants. “I

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9 tips for homebuyers in non-disclosure states

Housing Wire

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Others are “full disclosure,” meaning all property sales and prices are reported, and are a matter of public record.

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Celink files objection seeking dismissal of fees lawsuit

Housing Wire

Live Well Financial , which alleges that companies including Celink improperly paid property taxes before they became due without legal justification or notice. As Magistrate Judge Shields held, Shakespeare has no factual or legal relation to this matter,” Celink attorneys said in the filing.

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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

PACE loans caused borrowers property taxes to increase by about $2,700 per year or an 88% increase, according to the CFPB. PACE borrowers were also more likely to fall behind on payments for their first mortgage compared to those who didnt use the program.

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Opinion: Local MLS broker marketplaces, rules equitably advance American homeownership

Housing Wire

These virtual marketplaces provide efficiency, transparency and accurate information to facilitate home transactions. That requires real estate professionals to cooperate with each other by sharing pertinent information with competitors regarding the home and about the terms of a potential transaction.

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How the title industry is addressing the negative effects of heirs’ property

Housing Wire

However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. Besides not having the ability to monetize the property, heirs’ property holders can also lose economic value in other ways.

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How a D.C.-based reverse mortgage assistance program was revived

Housing Wire

DCHFA also listened to senior advocacy groups, including AARP and other foreclosure prevention specialists, who informed the agency that they continue to receive inquiries about the program, despite nearly three years having passed since it was last active. We also partner with legal services to complete all settlements.

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