Reverse Archives - Texas Consumer Credit Attorney

Consumer advisory: Three steps you should take if you have a reverse mortgage

Reverse mortgages are a type of loan that allows homeowners, 62 and older, to borrow against the accrued equity in their homes. Reverse mortgages can help some older homeowners meet financial needs in retirement. Most reverse mortgages today are federally insured through the Federal Housing Authority’s (FHA) Home Equity Conversion Mortgage (HECM) program. We’ve heard [...]

By Credit Writer|2017-05-20T11:45:12-05:00February 9th, 2015|News|Comments Off

Updated reverse mortgage guide: Two things you should know

More and more homeowners are considering tapping their home equity as they approach retirement age. Getting a reverse mortgage is one way that some older homeowners can do that. Reverse mortgages are a special type of home equity loan sold to homeowners aged 62 years and older, which are repaid when the borrowers sell the [...]

By Credit Writer|2017-05-20T11:45:25-05:00September 25th, 2014|News|Comments Off

Consumer Default Rates Reverse Downward Trend

Consumer default rates rose slightly in August, reversing a downward trend, according to the latest S&P/Experian Consumer Credit Default Indices. Collection & Credit Risk

By Credit Writer|2014-09-21T09:13:37-05:00September 21st, 2014|FCRA|Comments Off

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