Parent Company of former HECM lender converts to Chapter 7

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EPISODE #818

Parent company of former HECM lender converts to Chapter 7 Bankruptcy

[Housing Wire]

A judge in the U.S. Bankruptcy Court for the District of Delaware has allowed the parent company of a former reverse mortgage lender to convert from Chapter 11 to Chapter 7 bankruptcy. Here’s why the conversion was granted by the court. Here are the details.  


Other Stories: 

    • [San Jose Mercury News] Elderly woman murdered in scam that involved a reverse mortgage

      [Housing Wire]  HUD’s proposed budget reveals reverse mortgage Congressional requests

    •  

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Kiplingers: Six questions to ask before getting a reverse mortgage

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EPISODE #817

Six questions to ask before getting a reverse mortgage

[Kiplingers]

Six financial professionals from Kiplinger Advisor Collective submit questions homeowners should consider before getting a reverse mortgage. Spoiler alert- they’re actually fair-minded..  


Other Stories: 

    • [Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.

      [National Mortgage News]  Nation’s largest mortgage lender shutters mortgage origination platform.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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This Bay Area County modified ADU rules to ease senior housing crunch

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EPISODE #816

Bay Area lawmakers modify ADU rules to ease senior housing crunch

[Housing Wire]

One Bay Area county approved reduced fees for accessory dwelling units (ADUs) to help ease the housing crunch for those in transition, especially seniors.  


Other Stories:

    • [Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.

      [Housing Wire]  Traditional mortgage demand drops to a record low.

    •  

reverse mortgage podcast   reverse mortgage podcast HSomR

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How One Reverse Pro Prompted a Scammer’s Arrest

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EPISODE #815

How one reverse pro helped catch a fraudster

[Housing Wire]

A suspected fraudster who may have defrauded multiple elderly victims was arrested thanks in part to an alert reverse mortgage professional. 


Other Stories:

    • [Reverse Market Insight] RMI’s Jon McCue returns to explain the latest reverse mortgage trends in our monthly installment of the Market Minute.

      [Housing Wire] Fairway Independent Mortgage’s reverse mortgage division is making big changes in its strategy and key staffing.

    •  

reverse mortgage podcast   reverse mortgage podcast HSom

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HECM loan application activity falls

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EPISODE #814

HECM application activity falls

[FHA/HECMWORLD]

After a long delay the most recent FHA Single Family Production report was released earlier this month revealing November HECM application activity. 


Other Stories:

    • [BankRate] Is the housing market going to crash in 2024? Here’s what the experts are saying.

      [Motley Fool] No Soft Landing: Citi Bank’s chief economist sees an impending recession.

    •  

reverse mortgage podcast   reverse mortgage podcast HSom

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When it’s okay to be in 2nd place

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There is no video for this week's podcast. Please listen to the episode below.

 

 

EPISODE #813

It’s okay to be in second place 

[PR Wire India]

Sometimes it’s okay to be second, as in 2nd Place, in retirement.

 

Other Stories:

    • [Housing Wire] Some reverse originators report a strong start to 2024

      [Market Watch] Should my 87 year-old mom owing $425K on a $1M home get a reverse mortgage?

    •  

reverse mortgage podcast   reverse mortgage podcast HSom

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Fannie Mae’s 2024 economic & interest rate outlook

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EPISODE #812

Fannie Mae’s 2024 housing and interest rate outlook

 

[Housing Wire]

A growing majority of economists and housing experts expect interest rates to ease- the question is when and how much. A recent Housing Wire interview with Fannie Mae’s Chief Economist provides more insight.

 

Other Stories:

    • [Gainesville Register] Study shows a quarter of seniors could relocate, boost retirement with home equity

      [Housing Wire] NRMLA 2024 annual meeting location announced

    •  

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