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Interest rates cut pressure piles on Bank of England as home repossession jumps 28%
17 May 2024 10:19 GMT
… how higher rates have impacted mortgage borrowers, and how that trend is … the plight of the average mortgage borrower, but hopefully this data will … seeing more and more nearing bankruptcy. It is a disgrace that …
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Bankruptcy judge approves Celink stipulation in RMF bankruptcy case
09 Jan 2024 02:11 GMT
… . Nor does it preclude the bankruptcy plan administrator from challenging any … paid property taxes for reverse mortgage borrowers before they became due without … justification or notice. RMF’s bankruptcy status complicates both cases according …
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The US Financial Stability Oversight Council Releases Report On Nonbank Mortgage Servicing
11 May 2024 06:48 GMT
… in the sector could harm mortgage borrowers and, more broadly, disrupt the … mortgage servicers that are in bankruptcy or have reached the point …
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Making Lemonade from Lemons: A Mortgage Lender's Guide to Successful Loan Workouts, Part 1
01 May 2024 12:16 GMT
… , an increasing number of mortgage borrowers will approach their lenders for … in a borrower's bankruptcy proceeding, and 3) in … Obtain litigation, judgment, tax and bankruptcy searches on the principals. Have … be on the verge of bankruptcy? Have any of the …
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Counselors Divided on Post-Closing Sessions for Reverse Mortgage Borrowers
29 Oct 2020 23:05 GMT
… senior director of housing and bankruptcy services at Money Management International … initial counseling session. Historically, reverse mortgage borrowers have had a higher rate … of counseling garners from reverse mortgage borrowers, the amount of information …
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Non-profit Network Offers Disaster Relief for Reverse Mortgage Borrowers
15 Sep 2019 18:01 GMT
… Hurricane Dorian, affected reverse mortgage borrowers have another alternative to … director of housing and bankruptcy services at Money Management International … requirements, Boies describes.
“Reverse mortgage borrowers have certain obligations to that …
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A non-traditional program for self-employed mortgage borrowers
04 Jul 2019 08:39 GMT
Traditionally, self-employed mortgage borrowers are more heavily scrutinized by … any kind that means no bankruptcy, no short sale and no …
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RMS Updates Reverse Mortgage Borrowers As Parent Company Restructures
11 Feb 2019 21:14 GMT
Ditech Holding Corporation (NYSE: DHCP), parent company of Reverse Mortgage Solutions (RMS), announced today that it has filed filed for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code. As a result of the process, some borrower …
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How to Identify Reverse Mortgage Borrowers’ Top Retirement Risks
05 Jul 2017 20:05 GMT
Retirement planning generally involves the balancing of potential risks to achieve the best outcome for a client. Over at The Retirement Cafe, blogger Dirk Cotton sees nearly 30 of them to consider, including both forward and reverse mortgage issues.
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Judge fines Bank of America $46M for ‘cruel’ treatment of mortgage borrowers
31 Mar 2017 12:24 GMT
A California judge has fined Bank of America $46 million for its “heartless” and “cruel” treatment of a couple as they struggled to prevent losing their home to foreclosure.
In his decision this month, U.S. Bankruptcy Court Judge Christopher Klein said the …