Squeezed older homeowners seek reverse mortgages to pay loans
Squeezed older homeowners seek reverse mortgages to pay loans Squeezed older homeowners seek reverse mortgages to pay loans, Sacbee, June 4th, 2008 Pressured by a faltering economy and often burdened by loans they took out during the housing boom, more Sacramento-area homeowners are looking to reverse mortgages for an escape route. But many are finding the road blocked by the falling values of their homes. A lot of them aren t qualifying now. With the falling values they don t have as
Celebrate our independence with the 08 housing bailout bill
Maybe the politicians think that with everyone getting ready for 4th or July that the news of a sleight-of-hand bailout bill won t raise too many eyebrows. Maybe they re wrong (again). With the holiday fast approaching legislators in both the House and Senate are getting ready to put through the mother of all mortgage bail out bills in an attempt to stave off the further decimation of the housing market. What a surprise. All the rhetoric from last summer goes out the window as the market wo