Here are 7 trends we expect to see in 2012 for our industry. Some expected and some will come as a surprise.
Continue readingCould FHA Insurance premiums increase again?
HUD says they are open to increasing premiums. Does that include HECMS? See the pressures of a weak insurance fund and Senate bills are imposing on FHA lending in the future.
Continue readingHorse out of the barn? Industry Leader Update
Is the proverbial “horse out of the barn” when it comes to Reverse Mortgage Tax & Insurance Defaults? A problem that was quietly brewing for more than a decade grew into glaring issue with the crash of housing values in 2007 & 2008. Many borrowers hit hard financially
Continue readingCFPB Regulations – Play by the same rules: Industry Leader Update
UPDATE: Here’s a link to another article on NMLS licensing & the SAFE Act by Richard Booth.
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Consumer Financial Protection Bureau Regulations
Shouldn’t we all play by the same rules?
The Consumer Financial Protection Bureau (CFPB) says all mortgage originators should play by the same rules…even chartered banks. Why does it matter? What are the two different standards that exist today?
Watch this week’s video and post your opinion.
Department of Redundancy Department – Reverse Mortgage Legislation
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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