Headed for divorce court? Here are your top 5 financial musts – The big financial decisions in life require both planning and, often, advice from professionals. However, people undergoing a divorce often go through the experience without either a safety net or an understanding of how much their lives will be affected by the decisions they make.
New year, old debt? How to curb credit debt and get a leg up on higher rates – During the holidays, spending on gifts, travel and more can run up your credit card debt. With January right around the corner, those bills are coming due sooner rather than later.
Foreclosures of Reverse Mortgages Are Different – In sum, the word “foreclosure” is freighted with emotion because of its association with evictions of borrowers who have defaulted on their standard mortgages. On HECM reverse mortgages, very few foreclosures involve evictions, which are rare and becoming more so. It is long since time that HUD published data on reverse mortgage terminations, with a breakdown by cause.