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Qualifying for reverse mortgages will become harder
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Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say bravo: Toughening up qualification standards — including such basics as checking applicants' credit, income...
 
Tighter standards on reverse mortgages
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Applicants for reverse mortgages will undergo a “financial assessment” under new standards that will go into effect in March.
 
Shifting gears on reverse mortgages
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Complex and costly, reverse mortgages are frowned upon by advisors, but new safeguards offer promise for retirees.
 
Switch gears on reverse mortgages, advisors say
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Complex and costly, reverse mortgages are frowned upon by many advisors, but they can be useful to certain retirees, thanks to new safeguards.
 
Reverse mortgages: Are they worth it?
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While reverse mortgages can be a useful retirement planning tool under the right circumstances ? helping you to boost retirement income, pay off debt or or even buy a home ? there are potential pitfalls. Here's what you need to know.
 
Reverse mortgages: Are they worth the risk?
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I've seen a lot of commercials on TV about reverse mortgages. How do they work and who should consider a reverse mortgage, if anyone? -- Judith Y., New York It's hard to miss those commercials. They typically ...
 
Fannie CEO: Low-down-payment mortgages ‘can be safely made’
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Low-down-payment mortgages “can be safely and responsibly made,” says the chief executive of Fannie Mae.
 
Mutuals account for a record low share of mortgages and savings
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Research from Building Societies Association says diversity in financial services is suffering
 
You Can Still Find "No Money Down" Mortgages, But Are They Worth the Risk?
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NEW YORK ( MainStreet ) - No money down mortgages ? Do those still exist? In the wake of the financial crisis of 2008 and the collapse of the housing bubble, a lot of people think that the no money down mortgage has gone the way of the dinosaur.
 
The Nation's Housing: Tighter standards on reverse mortgages
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WASHINGTON — Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say, bravo: Toughening up qualification standards — including such basics as checking applicants' credit, income and cash flows — is a leap forward, long overdue.