Is this Our Next Growth Market?
Our next opportunity for growth may be right under our noses It’s no surprise that in the wake of the housing crash, increased regulation, lower lending ratios and the HECM product redesign that many...
View ArticleBack to Basics
If you look at the federally insured reverse mortgage one could say we have come full circle coming closer to the program’s original intent. What intent?
View ArticleNew HECM Products Nixed
There was a rush to market by a handful of lenders to offer fixed rate variant products which still fell within the guidelines of the federally insured reverse mortgage or HECM program. While FHA has...
View ArticleNow Younger in Reverse…
When is a HECM beneficial for couples with a spouse under 62? Now that FHA will be accommodating younger spouses under the age of 62 this August, it behooves us to examine the impact on our market....
View ArticleThe Financial Assessment Released
The long anticipated, or dreaded depending on your viewpoint, Financial Assessment was announced last week by HUD at the annual National Reverse Mortgage Lenders Association conference in Florida. The...
View ArticleA Plan for Change
Preparing Yourself for the Financial Assessment “The reed which bends in the wind is stronger than the mighty oak which breaks in a storm”. Though centuries old this familiar quote could have been...
View Article5 Things You May Not Know about the Financial Assessment
Five Take-Aways from the Financial Assessment Two weeks ago today we hosted a national webinar on the Financial Assessment with over 800 participants. Since that time the proverbial dust has begun to...
View ArticleM.O.E. An Alternative to HECM Foreclosures
This monumental policy change comes in the wake of several notable lawsuits brought against the Federal Housing Administration (FHA) and reflects the agency’s desire to close the door on further...
View ArticleHassle Free Loan?
A Hassle-Free HECM or Long Term Success? Last week the Washington Post published an article entitled “Window is rapidly closing to get hassle-free reverse mortgage”. It is a well-written article...
View ArticleWhere Do We Go from Here?
RMD Interviews NRMLA president Peter Bell on Industry Outlook and change If you want an example of rapid industry change look no further than the Home Equity Conversion Mortgage program. Recently...
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