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Home Mortgages For Dummies 101 (Explained Simply) Mortgage approvals for house purchase declined in August, the Bank of England’s Money and Credit statistics have found. The number of approvals fell to 65,500 in August, in contrast to the 18-month.

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Reverse Mortgage Eligibility. To be eligible for a reverse mortgage loan, the FHA requires the youngest borrower on title to be 62 years or older. Borrowers must also meet financial eligibility criteria as established by HUD. If there is an existing mortgage on the home, it must be paid off with the proceeds from the reverse mortgage loan.

Old Republic Will No Longer Insure JPMorgan and GMAC REOs FHA Streamline Benefits, Rates – Old Republic Will No Longer Insure JPMorgan and GMAC REOs Old Republic National Title Insurance has thrown a monkey wrench into the ability of lenders to sell their foreclosures: on September 29, the company announced that it will no longer issue policies to properties that have been foreclosed by JP Morgan.

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ST. LOUIS – Bankers in St. Louis weren’t surprised when mortgage data released last month showed a drop in loans made between.

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