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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.
Industry Leader Update Jan 24, 2011
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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.
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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.
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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.
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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…
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J.G. Wentworth is looking for a licensed mortgage broker or lender to build a nationwide retail operation that offers reverse mortgages.
Visit ReverseMortgageDaily.com for the full story on the Consumer’s Union report.
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This month there was a market increase in reverse mortgage production. We’re still down from last year, but we are beginning to see signs of recovery.
What does the year 2011 hold for the reverse mortgage industry? Watch the video for more on housing prices, mortgage percentages, and 2011 projections.
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At the NRMLA Annual Meeting in New Orleans it was eye-opening to say the least just how important the HECM Saver is to the entire reverse mortgage industry.
Watch the video below…
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