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  2. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    However, seniors may find it harder to qualify for a new home loan if they have a limited income, existing mortgage or other debt. We often think of homebuyers as young people: newlyweds, couples ...

  3. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

  4. Feds announce changes to reverse mortgage program - AOL

    www.aol.com/feds-announce-changes-reverse...

    Nov. 3—WASHINGTON, D.C. — The Federal Housing Administration released new proposed policy updates to its Home Equity Conversion Program, according to a statement issued Wednesday by the ...

  5. Housing for Older Persons Act - Wikipedia

    en.wikipedia.org/wiki/Housing_for_Older_Persons_Act

    The Housing for Older Persons Act of 1995 (HOPA) (Pub. L. 104–76 (text), 109 Stat. 787, enacted December 28, 1995) amends Title VIII of the Civil Rights Act of 1968 (Fair Housing Act).

  6. Government policies and the subprime mortgage crisis

    en.wikipedia.org/wiki/Government_policies_and...

    However, Commissioner Wallison's dissenting statement did place the blame squarely on government housing policies, which in his view contributed to an excessive number of high-risk mortgages: "...I believe that the sine qua non of the financial crisis was U.S. government housing policy, which led to the creation of 27 million subprime and other ...

  7. Can I qualify for a mortgage if I'm about to retire? - AOL

    www.aol.com/finance/qualifying-for-mortgage-in...

    If you’re shopping for a $400,000 home, how much you’ll pay each month depends on more than your interest rate, including your credit score and the length of your mortgage term, frequency of ...

  8. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

  9. Social Security News: Why the Boost for Senior Citizen ... - AOL

    www.aol.com/social-security-news-why-boost...

    The federal government also has a reverse mortgage program for Americans who are 62 and older. This program provides a guaranteed monthly payment to older Americans who have built up equity in ...