Moe Bedard

A reverse mortgage is a loan offered to elderly homeowners who are in need of extra cash. This allows an older homeowner to take out a new loan based off the amount of equity they have acquired in their home. Why are you interested in this type of loan and is it truly necessary you obtain one? Ar...

The Federal Reserve Bank of Richmond, the Capital Area Foreclosure Network and Fannie Mae are hosting the Washington Metro Area Tenants Conference to help educate mortgage servicers, realtors, local government representatives, housing counselors and attorneys on new federal and state laws for ten...

There are several effects that could happen to your credit cards if your home is subjected to foreclosure trials. Usually, the conditions and agreements that you had signed for your credit card accounts will provide you with a hint as to how the credit card companies may react to a foreclosure. I...

Foreclosure rates across America are higher than they have even been before. Although most people only hear about the owner of the home being affected by foreclosure, there are a number of times when tenants get stuck in the middle. With foreclosure rates at their all-time high it is crucial that...

In the state California mortgage servicers may foreclose on a property that is currently in default by either going through the judicial or non-judicial foreclosure process. In California the most frequently used method used by servicers is the non-judicial foreclosure process aka “Trustee’s Sale...

Even though losing your home can be one of the most terrible measures one can face, many people just feel the need to get away from all the financial tension and want to pursue a new life somewhere else. Short sales or walk aways seem to be the only real choices an individual has if they need to ...

A New Jersey loan modification company, New Hope Modifications has agreed to pay $10 million in order to settle social charges of scamming homeowners who paid the firm to help them stop foreclosure. Brian Mammoccio, a manager/officer for New Hope, will fork over $1.2 million to settle allegations...

In a long op-ed in Politico, the Alabama Republican talks at length about the supposed Democratic failure to reform the GSEs, but apparently President Bush’s “ownership society” doesn’t apply to Republicans taking responsibility for their own failures. The Republican documentation on Fannie and F...

As percentages for permanent modifications in the government’s Making Home Affordable Program have increased to double digits, Fifth Third Mortgage Company is continuing to outpace the national average. Of the 89 percent of Fifth Third Mortgage Company’s portfolio eligible for HAMP consideration,...

The Federal Housing Administration has provided reverse mortgages for quite some time now. However, the term they use for this type of loan is “home equity conversion mortgage.” A home equity conversion mortgage is a loan that offers elderly homeowners a loan based off the amount of equity they h...