Never thought it would happen? It appears FHA will be releasing a new rule requiring some basic credit underwriting guidelines for future reverse mortgage borrowers.
Continue readingUnthinkable
Exit Wounds:
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Interest rates climbing
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Survivors are thriving
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Extreme Measures: Industry Leader Update
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Reverse Mortgage Lenders And The HECM Saver
In this week’s reverse mortage industry leader update, one major reverse mortage lender has already made the HECM Saver a substantial part of their business. Also, a US Senator proposes a bill that would completely defund and eliminate HUD. Watch the video for more.
Our Viewers Speak Out…
Industry Leader Update Jan 24, 2011
Continue reading20,000 or 100,000 reverse mortgages in technical default?
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Reverse Mortgage Delinquency Crisis
Are borrowers spending their reverse mortgage funds unwisely? Is it the woman or the man who tends to spend the funds more quickly? Watch this week’s video for more.
“Necessary evil”
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Tax And Insurance Default
The topic of Tax And Insurance Default is a hotly debated issue in the Reverse Mortgage Industry, but recently HUD issued a guidance letter that gives some direction to reverse mortgage lenders.
Industry Leader Update: January 3 2011
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Decline In Housing Prices
According to K Shiller, which measures housing prices across the United States with the K Shiller Index, 18 out of 20 metropolitan areas showing a decline in housing prices. Watch the video for more.
Look again: RMs in a better light. Industry Leader Update
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Reverse Mortgages In A Better Light
Normally reverse mortgage borrowers wouldn’t consider a reverse mortgage if they expected to stay in their home for a short time due to fear of the up front costs, but the HECM Saver is changing that story. Watch the video for more…
