Lenders Resist Making Home Affordable

The Treasury Department announced a total of 31,382 homeowners have received a permanent home loan modification since details of the program were announced in March.  4% of homeowners whose home loans were re-worked through the Making Home Affordable Program  have successfully completed the trial period to receive permanent modifications.  There are currently more than 728,000 [...]

Reverse Mortgage Option Gaining Momentum, Seniors at Risk

More seniors are applying for reverse mortgages than ever before.  This trend is gaining momentum as seniors are finding their retirement nest egg disappearing.    Tim McDonald, a reverse mortgage specialist for Wells Fargo Home Mortgage, says, “the aging population is becoming more and more aware of reverse mortgages as a way to stay in [...]

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