This week we focus on the real possibility of FHA reducing HECM lending limits for next year, the dangers of a reverse mortgage preventing Medicaid eligibility and our industry’s recent sales figures.
Continue readingWill lending limits be reduced?
Friday’s Food for Thought: Paperwork nightmare?
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Productivity and being efficient is more important than ever in the reverse mortgage busy season. In the reverse mortgage business, we have to be able to manage our paperwork load in an organized manner.
Friday’s Food for Thought: Tensions rise between lenders and appraisers
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Lenders: do they want more for less? A discussion of the tensions rising between reverse mortgage lenders and appraisers.
Friday’s Food for Thought: Attracting & keeping clients
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When attracting and keeping clients we need to remember to keep a balance between nurturing our relationships with existing clients and investing energy into marketing for new clients.
GFE & TIL to be combined into one disclosure
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Seniors Staying In Their Homes
More seniors are staying in their homes due to the economy. Also, the Consumer Protection Bereau releases a combination of GFE and Truth and Lightning Disclosures.
See the new disclosures at the links below:
New Disclosures
Let lenders pay for HUD counseling?
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Op-ed calls for lenders to pay for HUD counseling with recent budget cuts.
Friday’s Food for Thought: HUD Counseling Conversion Ratios
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Counseling cuts: Will it scale back new protocols?
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Friday’s Food for Thought: Four traits of successful originators
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Suze Orman: RM better than selling stocks…
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