Government programs like Medicare & Medicaid are going broke. Some compelling reasons for our government to promote reverse mortgages for their benefit and seniors.
Continue readingOver the horizon – CFPB Regulation Changes
We continue down the road remembering the challenges behind us while keeping a cautious eye on the horizon. The point is we are not finished yet.
Continue readingShaping our future: Financial Assessment
Some claim it has created confusion in the marketplace. Others fear it will exclude up to 30% of borrowers. As the debate continues, the Financial Assessment is the biggest game-changer our industry faces, and our future borrowers
Continue readingHere & Gone: Top lender MetLife drops financial assessment
It was groundbreaking when MetLife began using the Financial Assessment but now they have stopped using it altogether. Learn more in this week’s video.
Continue readingReaching out: Why it always works
Here’s why reaching out to realtors about the HECM Purchase will open more doors than you would expect, despite the down housing market.
Continue readingPeople get ready: CFPB and HECM disclosures
The CFPB has announced it’s examination procedures for lenders including reverse mortgages. What guidelines and disclosures will we see added? What now must be addressed in the future?
Continue readingRole Reversal? Are we becoming more like forward lending?
Has our industry become more similar to traditional lending? With product & regulation changes…
Continue readingReverse Mortgage Industry – 7 Trends to watch for in 2012
Here are 7 trends we expect to see in 2012 for our industry. Some expected and some will come as a surprise.
Continue readingCould FHA Insurance premiums increase again?
HUD says they are open to increasing premiums. Does that include HECMS? See the pressures of a weak insurance fund and Senate bills are imposing on FHA lending in the future.
Continue readingHorse out of the barn? Industry Leader Update
Is the proverbial “horse out of the barn” when it comes to Reverse Mortgage Tax & Insurance Defaults? A problem that was quietly brewing for more than a decade grew into glaring issue with the crash of housing values in 2007 & 2008. Many borrowers hit hard financially
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