Many newer readers of The Simple Dollar haven’t been exposed to the hundreds of great articles in the archives of the site, so this is a weekly series that highlights the five best posts from one year ago this week, … Read More
A couple excerpts from American Banker: Regulatory Actions Hit a Record Level in ‘09 “Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.” “Informal … Read More
Our periodic recap of who got nabbed breaking mortgages laws! New Jersey police officer arrested for mortgage fraud (Ethiopian Review) San Jose man sentenced to 41 months in prison for loan fraud scheme (San Jose Mercury News) Man accused of … Read More
Bair’s troops march South, East Two gulf banks, engulfed by fail Will they rise again? by Soylent Green is People From the FDIC: Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Old Southern Bank, Orlando, Florida Old Southern … Read More
Start Spread’n the news Park Avenue’s failed today Old Blue Eyes would weep… by Soylent Green is People From the FDIC : Valley National Bank, Wayne, New Jersey, Assumes All of the Deposits of the Park Avenue Bank, New York, … Read More
As home value rises who is entitled to the money in a reverse mortgage? Who keeps any profits from the sale of my home? Can I get a 2nd reverse mortgage? Over time, and in a good market, the value … Read More
These are things you must know before taking out a reverse mortgage. Read further to see how a reverse mortgage can affect your estate. For some seniors, retirement is not whet they thought it would be and they find themselves … Read More
Who Controls Interest Rates On A Reverse Mortgage? Read here to find out who controls the interest rate on your reverse mortgage! A reverse mortgage is a very popular financial product for senior citizens. One of the most common questions … Read More
Can I use a reverse mortgage to finance a business? Can I use a reverse mortgage to pay down my other debt? Any restrictions on reverse mortgage money? Finding a business opportunity and not having the cash to finance the … Read More
What is the benefit of a federally insured reverse mortgage? Are all reverse mortgages federally insured? Am I required to insure my reverse mortgage? A reverse mortgage that is federally insured is the safe way to guarantee that your heirs … Read More