Tag: mortgages
You’re over 50. You have built up a lot of equity in your home, and your life savings is finally gaining some critical mass. And yet, your odds of being rejected for a refinancing mortgage start going up rapidly after age 50 and really accelerate around 70, according to a study by Natee Amornsiripanitch at…
The brief’s key findings are: In any loan program, a key objective is balancing the twin goals of high take-up rates and low default rates. In 2013, the federal government announced new rules to curb default rates of reverse mortgages by limiting initial withdrawals and requiring underwriting. To assess the effects of the new rules,…
