Parent Company of former HECM lender converts to Chapter 7

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EPISODE #818

Parent company of former HECM lender converts to Chapter 7 Bankruptcy

[Housing Wire]

A judge in the U.S. Bankruptcy Court for the District of Delaware has allowed the parent company of a former reverse mortgage lender to convert from Chapter 11 to Chapter 7 bankruptcy. Here’s why the conversion was granted by the court. Here are the details.  


Other Stories: 

    • [San Jose Mercury News] Elderly woman murdered in scam that involved a reverse mortgage

      [Housing Wire]  HUD’s proposed budget reveals reverse mortgage Congressional requests

    •  

reverse mortgage podcast   reverse mortgage podcast HSomRSan 

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Kiplingers: Six questions to ask before getting a reverse mortgage

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EPISODE #817

Six questions to ask before getting a reverse mortgage

[Kiplingers]

Six financial professionals from Kiplinger Advisor Collective submit questions homeowners should consider before getting a reverse mortgage. Spoiler alert- they’re actually fair-minded..  


Other Stories: 

    • [Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.

      [National Mortgage News]  Nation’s largest mortgage lender shutters mortgage origination platform.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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This Bay Area County modified ADU rules to ease senior housing crunch

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EPISODE #816

Bay Area lawmakers modify ADU rules to ease senior housing crunch

[Housing Wire]

One Bay Area county approved reduced fees for accessory dwelling units (ADUs) to help ease the housing crunch for those in transition, especially seniors.  


Other Stories:

    • [Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.

      [Housing Wire]  Traditional mortgage demand drops to a record low.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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