The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess

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And they’re thankful to the lawyers at the Senior Citizens’ Law Office who helped make that happen. Senior Citizens law office executive director angelica allen said that an order dismissing the foreclosure action against the couple, who are in their 80s and not in the best of health, has been filed in state district court.

come-ons on television targeting senior citizens attest to the fact that the traditional scams and schemes among conventional and shadow lenders are as alive and well as ever. If you thought sub-prime loans and equity stripping were financial ghosts of the past, think again. It generally takes years for any borrower to build equity in a home.

The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess The world’s largest auto maker disclosed Thursday that it will need more time to file its 2006 annual report with the SEC..Many analysts say GMAC’s home-lending unit, Residential Capital LLC, known as ResCap, is heavily involved in the subprime mortgage business.estimated that loan-loss provisions and writedowns of mortgage securities at ResCap could cost GM $900 million to $950.

We are dedicated to protecting the integrity of our wholesale lending relationships. You can always count on the total commitment of our mortgage team.

 · With $4 trillion of home equity wrapped up in the houses of America’s senior citizens, it’s no coincidence that the market for reverse-mortgage loans is finally taking off.

The Home Equity theft reporter: senior Citizens, Retirement Funds Victimized By Subprime Lending Mess MyWordUp: refinance home loan refinancing your home mortgage with U.S. Bank could help you change terms, lower monthly payments and reduce your interest rate. Apply to refinance your home loan now!

The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess The Center for Responsible Lending (CRL) is a nonprofit, Americans for financial reform education fund (afref) works in.. range.140 Median credit scores are deep subprime or subprime, in the value of their largest assets- homes and retirement.

FHA streamline refinance loans, rate and term refinancing and home purchase loans are available to 96.5% loan to value. A decade ago, a group of FHA mortgage lenders banded together and established a new mortgage company in an effort to provide better refinance and home purchase loans for homeowners with good and bad credit scores.

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