David Vanlandingham

While it remains to be seen whether or not the Senate will do anything substantial to reverse his action, President Obama appointed Richard Cordray on January 4th to head up the new Consumer Financial Protection Bureau,...

Last week a loan officer was sentenced to 41 months in prison and ordered to pay $1.9 million dollars in fines as restitution for his part in a Florida reverse mortgage scheme. The accused man entered a guilty plea last...

With the tsunami of baby boomers turning 62 years of age in 2012 (some estimates say 10,000 every day!) and social security on shaky ground, accessing home equity will likely be an increasingly important source of money when...

Reverse Mortgage Myths 1. I would be selling my house to the bank. False, you keep the title to your home. The lender places a lien on your property, but you retain control of it. 2. My heirs will not inherit anything. False,...

Effective October 4, 2010 the FHA made available a new, lower fee, version of its HECM (Home Equity Conversion Mortgage) product. A HECM loan is a reverse mortgage insured by the FHA insurance fund. It allows home owners age...

Those who are considering delaying the start of their social security benefits until age 70 may find the following strategy useful. The increased monthly benefit that results is substantial. For example, a man who this year...

In recent weeks, new developments in the reverse mortgage industry are indicating that reverse mortgage borrowers may be facing tougher underwriting standards in the near future. This springs from publicity over the past few...

According to American Fact Finder published by the 2010 American Housing Survey, there are 131,791,065 Housing Units in America. Of that number, 74,873,372 or 65.4% are Owner Occupied with a Median Value of $179,900. Within...