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Peter Boutell, Lending a Hand: Use reverse mortgage to purchase or refinance a home

Did you know that if you are age 62 or older, you could buy a home with a reverse mortgage. While reverse mortgages have become a popular way of creating cash by using the equity in your home, few seniors realize that they can purchase a home with a ... read more

Americans are not Shopping Smart for Mortgage Loans

Homeowners appear to be less than savvy shoppers when it comes to finding a mortgage to purchase or refinance their homes ... have obtained a quote from only one lender and to make less use of technology in their mortgage due diligence. read more

Who will benefit from the new federal housing act?

Banks had a big hand in ensuring that under the bill, troubled homeowners could refinance into FHA-insured mortgages, so long as lenders agree to reduce mortgage principal. To date, lenders and loan ... can buy, to 15% above an area's median home price ... read more

Pensions reform: all eyes are on the family home

As Treasurer during the temporary commodity boom, Peter ... home. Essentially what the CIS is suggesting is that the Government regulate a national reverse mortgage scheme in much the same way as private health insurance operates, while forcing pensioners ... read more

Peter Boutell, Lending a Hand: A reverse mortgage requires no mortgage payments

Jumbo reverse mortgages are not currently available for purchase transactions, only refinance ... loan to be denied. A recent bankruptcy is the only credit related situation that may disqualify a person for this loan. Local mortgage consultant Peter ... read more

The Not-So-Bright Spot in the Gloomy Housing Report

Distressed home ... on the other hand didn’t start falling until 2007. So today’s sales drop may be a leading indicator of another drop in house prices. Second, as Felix Salmon points out at Reuters, no matter how low the Fed pushed mortgage rates ... read more

The Howard Hughes' (HHC) CEO David Weinreb on Q2 2017 Results - Earnings Call Transcript

With me today are David Weinreb, Chief Executive Officer; Grant Herlitz, President; David O’Reilly, Chief Financial Officer; and Peter ... mortgage financing on 10-60 Columbia Corporate Center and One Mall North office buildings with a $114.5 million loan. read more

CFPB Targets Reverse Lenders; MBA Reports on Lender Profits; Legal Trends

The Consumer Financial Protection Bureau (CFPB) has taken action against three reverse mortgage ... use the app to check the status of their loans, send pre-approvals and more. Borrowers can use the app to quickly connect with the LO, apply for a loan ... read more

Here is What's Wrong With Bank of America (NYSE: BAC)

If you have a mortgage with Bank of America (NYSE: BAC) and want to refinance, don't bother. You are not worth the bank's time. Or at least I wasn't. That's what I learned first-hand last week when I called Bank of America to refinance a home mortgage I've ... read more

The retreat from everywhere

Much pre-crisis cross-border lending was foolish, after all; think of all the German money in subprime American mortgages ... are more volatile,” says Peter Sands, the boss of Standard Chartered, an emerging-markets bank. Home is where the taxpayer ... read more