A simple blog where we discuss mortgages in general and reverse mortgages in particular. No financial product is really for everyone. But armed with more knowledge and information, more consumers will be able to make a decision that is right for them.
Great Article about purchasing a wheelchair for the first time.
Wikimedia Commons Ouch! Earlier this week it was announced that Citigroup had settled the inquiry into the company’s mortgage practices – to the tune of $7 billion. The deal, which was settled with the Justice Department, represents one of the largest settlements ever made in response to a federal inquiry; specifically in terms of the penalties levied. Of the $7 billion, $4 billion was in penalties alone while $2.5 billion will go towards providing mortgage modifications to homeowners. Another $500 million will go to the Federal Deposit Insurance Corp and 5 separate states.
Comments
Post a Comment