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The following commentary is by James E. Veale | CPA, MBT The more I read and hear so called financial advisors presenting the use of reverse mortgages, the more troubling it becomes.  For example, one California reverse mortgage broker who … Continue reading →

Effective 9/11/2010, HUD will begin implementing the use of the Financial Interview Tool (FIT) and Benefits Check Up (BCU) as part of the new counseling protocol for reverse mortgages. Learn why you must prepare yourself and your clients with the … Continue reading →

Tell the woman who can no longer obtain a reverse mortgage because the program benefit cuts prevent her from getting rid of her conventional mortgage (she never could afford)-that Washington supports the program; Tell the man who desperately needs the reverse mortgage and yet was turned down because underwriting guidelines prefer that the properly executed power of attorney be called into question by an artificial standard-that Washington supports the program Continue reading →