Just another Manic Monday: Friday’s Food for Thought

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Do you dread Mondays? If so here are a few tips to help break the cycle:

  • Friday review: Time block Monday, organize paperwork, schedule call backs, empty inbox and email
  • Get back to you…. Emails requiring a response received late Friday can be responded to with “ I will take a look at this… Monday”
  • Shift your calendar (Sunday as first day)
  • If you work from home start some Monday tasks Sunday (1 hour) and prep your plan (if you didn’t do it Friday)
  • Daily voicemail

 

Insurance fund for RMs looking healthy: Industry Leader Update

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HUD Secretary says fund backing reverse mortgages looks good…

The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction of the Saver.

What changes can we anticipate when the insurance fund’s actuarial report is released this November if any? The housing market aside there are factors that have improved the overall financial health of this fund which backs federally-insured reverse mortgages.

5 Steps to Learn from Failure: Friday’s Food for Thought

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If you missed last week’s Food for Thought on a stress-free work life you can view it here.

Five Steps to Learn from Failure:

1.  What can I learn from this?

2.  What could I have done differently?

3.  Do I need to acquire or improve some skills?

4.  Who can I learn from?

5.  What will I do next?

Reverse Mortgage Sales Success Tips

5 Steps to a Stress-Free Work Life: Friday’s Food for Thought

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Work got you stressed? Try these five steps.

Step 1 – What is taking up a lot of your focus and energy?
Write down a list of everything you are thinking about and stressing about.

Step 2 – What would be a successful outcome to this situation?
To each point on the list, visualize what a perfect solution would be and then write it down.

Step 3 – How important is it that this task is done?
By answering this question, you learn if this task is something you need and should do or if it really isn’t that important and can be eliminated.

Step 4 – What action could you take to move the project towards that goal?
Once you know that the idea is an important one, write down what the next action you can take to move the goal towards its perfect solution.

Step 5 – Decide when you are going to do the action
Write it down in your calendar.

Let Go and Relax

Do you feel how much more relaxed you are now that you don’t have to remember all your ideas? Now that you know that they will be done?

Steps

Road block: Lack of funds for HUD Counseling: Industry Leader Update

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Lack of funding for HUD counseling creating a road block for those who need it the most

As we enjoyed our weekend October 1st came and went marking the beginning of the fiscal year 2012 and more importantly the date when funding from the government for mandated HUD counseling stops. This is creating delays in scheduling counseling and even worse may prevent lower income homeowners without the money for upfront counseling fees from moving forward. Either way you slice it, this is hurting the potential borrower the worst.

Lack Of Funds For HUD Counseling From Congress
Ironically when the government created the HECM (Home Equity Conversion Mortgage) program, counseling was a built in requirement. Why does congress fail to fund a requirement for a federal program they created in the first place? Politics aside it appears we may have some hope of seeing funds restored at some level in the future.

What are your thoughts? How would you propose HUD counseling be funded outside of the government. Leave your comments below.