Today many states have a new hobby, OK let’s call it their pet project more reverse mortgage legislation. The California Senior Legislature
Continue readingMusical chairs: November Top 100 HECM Lenders
It is the strangest thing to the former reverse giant Wells Fargo’s HECM endorsements drop their Rank from #2 lender to #24 this month. Genworth made
Continue readingCelink & Reverse Mortgages – Curing T&I Defaults: A servicers perspective
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Learn what Celink is doing to help borrowers prevent and cure tax and insurance defaults for reverse mortgage borrowers.
A Behind The Scenes Look At Curing Tax & Insurance Defaults
Our exclusive interview with Celink’s John LaRose at last month’s NRMLA meeting uncovers some of the steps being taken by reverse mortgage servicers to cure tax and insurance defaults.
Reverse Mortgage Industry – Are we too big to disappear (fail)?
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The Future Of The Reverse Mortgage Industry
Will our industry disappear due to economic pressure and regulation?
Our commentary examines while we are small segment of mortgage lending are we irreplaceable nonetheless? It’s a look at an industry coming of age.
Watch this week’s video and leave your comments below.
“I feel really good about our business” – Michael Kent Interview
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Michael Kent of RMS discusses technology, markets and our industry’s outlook.
Mike Kent, senior VP of lending at RMS, sat down with me in Boston at the annual NRMLA meeting and discussed our technology, investor markets and industry outlook.
Top 10 solidify positions
Download the October Top 100 HECM Lenders Report Here
While Wells Fargo’s trailing HECM endorsements remain in the system, we are beginning to see a pattern in the top 10 HECM lenders in recent months. Even if we experience lower endorsement volume industry-wide for fiscal year 2012 the top players will most likely see tremendous gains in endorsements as market opportunities are seized upon.
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October 2011 Top 100 Lenders Report
*** HERE’S LINK TO OCTOBER REPORT DUE TO BAD LINK. ***
Our email generated wrong hyperlink.
Download the October Top 100 HECM Lenders Report Here
While Wells Fargo’s trailing HECM endorsements remain in the system, we are beginning to see a pattern in the top 10 HECM lenders in recent months. Even if we experience lower endorsement volume industry-wide for fiscal year 2012 the top players will most likely see tremendous gains in endorsements as market opportunities are seized upon.
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Meet Peter Bell: Industry Leader Update
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In this week’s episode I interviewed NRMLA President Peter Bell during the annual meeting in Boston. He shares his outlook and vision for our industry and upcoming changes for the reverse mortgage industry.
No longer on the list: Industry Leader Update
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Non-FHA Approved Brokers find themselves out in the cold when it comes to FHA’s list of HECM approved lenders.
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Insurance fund for RMs looking healthy: Industry Leader Update
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HUD Secretary says fund backing reverse mortgages looks good…
The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction of the Saver.
What changes can we anticipate when the insurance fund’s actuarial report is released this November if any? The housing market aside there are factors that have improved the overall financial health of this fund which backs federally-insured reverse mortgages.
