Many older American homeowners now find themselves stuck in their homes being unable to…
Continue readingAging in Place or Stuck in Place?
AARP: Rising Rates Hit Reverse Mortgage Payouts
Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
Continue readingTwo things most reverse pros don’t know about the expected rate
Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
Continue readingMajor Changes to HECM Applications?
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EPISODE #821
Major Changes to HECM Applications: Feedback sought in Federal Register
[HUD/FHA]
HUD is seeking public feedback for planned changes to the loan origination documents for FHA-backed Home Equity Conversion Mortgages. [Listen for details]Â [Federal Register Post]Â
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[California Mortgage Relief] Time is running out for California reverse borrowers needing assistance with property charges.
[HUD] HUD announces the sales of notes for vacant HECM properties where all borrowers have passed away.Â
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U.S. Senator calls for more oversight of HECM securitization
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EPISODE #820
Senator Mike Braun calls for increased oversight of the HECM MBS program
[Housing Wire]
U.S. Senator Mike Braun wrote a letter to Ginnie Mae’s president asking for policy solutions to prevent a collapse of the secondary market HMBS program. [Listen for details]Â
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[Reverse Market Insight] Our monthly segment of RMI’s Market Minute.
[Journal Courier]Â Is downsizing worth it for retirees?
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Can’t afford healthcare? A reverse mortgage and these options may help
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EPISODE #819
Can you afford health care in retirement? If not here are some options
[Cleveland.com]
Unable to afford healthcare in retirement? Here are some options retirees should consider in addition to a reverse mortgage. [Listen for details]Â
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[Redfin] Home listings surge in biggest increase in 3 years: Asking prices drop.
[CNBC]Â No Rate Cut: The Fed holds rates steady after hot inflation report.
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Parent Company of former HECM lender converts to Chapter 7
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..
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[Atlantic Black Star Journal] Yet another potentially misleading reverse mortgage foreclosure story.
[National Mortgage News] Nation’s largest mortgage lender shutters mortgage origination platform.
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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. Â
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[Richmond Biz Sense] A judge determines former Live Well CEO’s criminal restitution.
[Housing Wire]Â Traditional mortgage demand drops to a record low.
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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.
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[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.
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