UPDATE: On Thursday March 31st the US Court of Appeals granted a temporary administrative stay delaying the rule at least until April 5th at which time there will be a hearing.
Continue readingLO Compensation Rule looms ahead
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Regulation may soon increase appraisal costs
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HUD sued by AARP over non-recourse clause
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Industry Leader Update: March 14, 2011 from Shannon Hicks on Vimeo.
FAT? Financial Assessment coming soon for RMs
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Industry Leader Update Feb 7, 2011 from Shannon Hicks on Vimeo.
Unthinkable
Never thought it would happen? It appears FHA will be releasing a new rule requiring some basic credit underwriting guidelines for future reverse mortgage borrowers.
Continue readingExit Wounds:
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Interest rates climbing
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Survivors are thriving
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Extreme Measures: Industry Leader Update
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Reverse Mortgage Lenders And The HECM Saver
In this week’s reverse mortage industry leader update, one major reverse mortage lender has already made the HECM Saver a substantial part of their business. Also, a US Senator proposes a bill that would completely defund and eliminate HUD. Watch the video for more.
