Does the HECM provide a long term solution or a short term fix to borrowers? That’s the question HUD officials will ponder as the shape the upcoming Financial Assessment
Continue readingMarch Top 100 Retail HECM Lenders Report
See who is at the top of the Reverse Mortgage Industry this month and Download your March Top 100 Retail HECM Lenders Report Here.
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Where Do We Go from Here?
Will we see a substantial reduction in new applicants without the Standard Fixed Rate? We may not. Here’s why…
Continue readingSeniors Do Have Choices to Reduce Risks
Are the risks to reverse mortgage borrowers a result of independent choices or a result of a the loan itself?
Continue readingA Paradigm Shift in Home Equity
A Paradigm Shift in Home Equity has begun. The iconic American dream and home ownership have become so intertwined it is difficult to separate the two.
Continue readingMaking the Complex Simple…
The reverse mortgage is deceptively simply to the casual observer and even loan professionals. As we know under the surface the product is quite complex.
Continue readingNew Bill Would Grant FHA Authority to Make Changes
The newly introduced “HECM Stabilization Act of 2013”, or Senate Bill 469, would give FHA the Congressional authority to make sweeping changes to the federally-insured reverse mortgage program.
Continue readingThe Must Stay
Reverse Mortgages Must Stay to Meet Demand. With the words of one senator asking why not stop the reverse mortgage program ringing in our collective ears, it is comforting to hear that housing experts see things differently. The Bipartisan Policy Center Housing Commission…
Continue readingFebruary Top 100 Retail HECM Lenders Report
Download your February Top 100 Retail HECM Lenders Report Here.
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#1 Security One is establishing their place as the nation’s top retail reverse mortgage lender while Maverick Funding broke the top ten landing #10.
A Legitimate Need?
A Legitimate Need? That may be what borrowers need to show when requesting a draw from their reverse mortgage. Yes, the suspension of the standard fixed rate HECM will dramatically reduce those choosing to take a lump sum withdrawal
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