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It was last April, right after the release of President Obama’s 2014 budget, when Assistant Housing Secretary Carol Galante was quoted as saying… “The President’s budget projects that FHA may need a $943 million credit from...

HOME EDUCATION PRODUCTS BUYING A HOME FAQs LOAN PROCESS ABOUT ME HOME Thank you for visiting my website. A Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage, is a HUD Program that is insured by the Federal Housing Administration...

The federal government has clamped down on reverse mortgages, issuing a new set of rules that make some loan amounts smaller, fees higher, and drawdowns less flexible What will the changes mean from a retirement-planning perspective? We’ll get...

Whenever you hit an age threshold, perspectives change. All of a sudden, you are not 20 anymore, walking around with a world map in your side pocket and funding your traveling binge with the money you’re cashing in on renting your home. All of a sudden...

 Yesterday, AB 1700 was approved by the Senate Judiciary committee with no amendments, and will be headed to the Senate floor for a vote most likely next week.  I have attached the bill, but the Reader’s Digest version is this:   the Bill will require...