With the Standard Fixed Rate HECMs no longer available for case numbers issued on or after April 1st…yes April Fool’s day… a prime source of marketing dollars will go away…
Continue readingHow to keep from losing your way
Lance Armstrong’s recent admissions of cheating the system by using performance enhancing drugs reminds us how one can lose their way in pursuit of their career…
Continue readingRetiring Retirement Myths: Part 1
While reverse mortgage professionals are on the “front lines” of the quantum shift in the way people we call “seniors” perceive themselves in the third millennium, it’s especially exciting to hear from elders themselves on what later life stages can look like.
Continue readingDear John…
FHA’s Mortgagee Letter 2013-1 was a “Dear John” letter to the Standard Fixed Rate HECM…
Continue readingJanuary 2013 Top 100 Retail Lenders
Download your January Top 100 Retail HECM Lenders Report Here.
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Does the first month of 2013 foreshadow rankings for this year? While the top 10 remains relatively unchanged from December the impact of the fixed rate suspension will not show until later this year.
Hardships: How we overcome…
When it comes to overcoming hardship there are some things that we can count on to get us through.
Continue readingJoined at the hip: The need for private capital in mortgage lending
The American mortgage market is surgically attached to the Federal government. What would bring private capital back into the reverse mortgage marketplace?
Continue readingOvercoming Negativity
As an industry we have been pummeled with negative news, unexpected changes and worry. The key is not so much how NOT to be negative but HOW to be positive. It’s a practiced mental skill and muscle that must be flexed to grow…
Continue readingWould they rather die than talk about death?
It’s not common dinner table conversation. Even those of us who are pragmatic shy away from talking about our own death; it’s not a topic most people wish to contemplate…
Continue readingRegulations Changing Practice & Behavior
With the recently released final rules for loan officer compensation and the expected suspension of the standard fixed rate HECM product government agencies have drastically changed the motivations and interaction between mortgage lenders and borrowers. First loan officer compensation…
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