With the subprime mortgage industry in free fall, where do home buyers with less-than-perfect credit turn for financing?
The news reports are grim. Dozens of subprime lenders closed their doors or cut back sharply on new mortgage offerings. Lenders are also severely tightening the underwriting standards that got them into trouble. As a result, many people [...]

Reverse Mortgage Legislation Update From NRMLA
President Bush signed into law a continuing resolution (H.J. Res. 20) on February 15 that funds most of the federal government thru 9/30/07, and “suspends” the HECM cap until then, as well.
For a short period of time, the Federal Housing Administration (a division of the U.S. Department of Housing and [...]