The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess

Florida, Tampa Bay rank high in risk of mortgage fraud Top five South Florida condo trends to watch for in 2016 Who’s Buying Up Miami’s Most luxurious condos?. reinforcing south Florida immigration trends. "There’s more luxury product as people have identified Miami as being a top five city.To determine its findings: The CoreLogic Mortgage Application fraud risk. rank order in this report. The level in Miami was 278, in Lakeland 226, Tampa 213, Jacksonville 198, Daytona 193, Orlando.

Know an older adult who's considering a reverse mortgage, home equity loan, or retirement community? We've got the facts about senior living options.

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The United States subprime mortgage crisis was a nationwide financial crisis, occurring between 2007 and 2010, that contributed to the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices after the collapse of a housing bubble, leading to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.

Posted by Home Equity Theft Reporter at 12:05 AM 0 comments Links to this post Sovereign Citizen Gets Five Years For Paper Terrorism Extortion Racket; Filed Liens Totaling In The Trillion$ Against Cops, Judges, Credit Union CEO

Subprime lending refers to the extension of credit to higher risk borrowers or to those with non-existent credit histories at interest rates and fees higher than conventional loans. Some companies make auto and home equity loans to minorities, the elderly, and low-income borrowers at interest rates as high as 20 to 24 percent in states without.

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Today, refinancing is a lot more difficult thanks to this mess.. The FHA calls their reverse mortgages a Home Equity Conversion Mortgage. You may use funds from the sale of another home, cash, a retirement. In the last 10 years, you must have no felony convictions for larceny, theft, fraud, forgery, money laundering or.

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A reverse mortgage is a financial lifeline for many retirees, and the best. at the Center for Retirement Research, maintain they're a valuable tool.. Once the market recovers, the senior can go back to tapping the investment accounts.. of home equity and think you'll need to tap it sometime in retirement,

The Home equity theft reporter: senior citizens, Retirement Funds Victimized By subprime lending mess MyWordUp: refinance home loan Refinancing your home mortgage with U.S. Bank could help you change terms, lower monthly payments and reduce your interest rate. Apply to refinance your home loan now!