It’s not just the overall average size of the new American homes that are shrinking – down to 2,377 square feet last year from 2,438 square feet the year before, according to the National Association of Home Builders – but the stuff that goes in it, too.
I am underwater on my mortgage but do have income. Can I contract my mortgage investor directly – bypassing the mortgage servicer – to get a loan modification? My servicer says I must go directly through them.
In the late ’80s, the FHA insured the first HUD reverse mortgage, known as the Home Equity Conversion Mortgage, which remained essentially unchanged for more than 20 years. Last October, however, HUD introduced a new wrinkle for seniors interested in saving money on a reverse mortgage: the HECM Saver.
