Is it greed that has made fixed rate reverse mortgages nearly 70% of total production? Or is it something else…the needs of the marketplace?
Continue readingFebruary 2012 Top 100 HECM Lenders
February’s 2012 Top Reverse Mortgage Lenders Report. We are still down 3 years in a row but we may be on track to reaching 70,000 units this fiscal year.
Continue readingCFPB Audit: What to expect
The Consumer Financial Protection Bureau has begun it’s audits of non-banking lenders. What can we expect to see? How will reverse mortgage lenders respond?
Continue readingGovernment Sponsored Reverse Ads?
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 readingFebruary Top 100 HECM Lender’s
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February 2012 Top Reverse Mortgage Lenders Report
Download the February  2012 Top 100 Retail Lenders Report here.
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Here & 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?
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