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 readingClient Attention – The gift you want to give & receive
It’s a limited and valuable gift. Your attention. More than cards or trinkets, our borrowers and prospects will be duly impressed with your undivided attention.
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 readingTime is running out! – NMLS License Renewal Deadline
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Nationwide Mortgage Licensing System Renewal Deadline
Time is running out for your license renewal. Here are some quick pointers on what’s new this year and how to get finished.
CFPB 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.
Reverse Mortgage Business – How to move a mountain: Friday’s Food Thought
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Reverse Mortgage Business Goals
Headed into the new year we often set goals. Sometimes we find ourselves disappointed because we didn’t do enough to make our goals a reality. Let’s look at how we can move the proverbial mountain with these practical tips.
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 readingBusiness Productivity – What to do when it all goes wrong?
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Reverse Mortgage Business Productivity And Problem Solving With A Positive Perspective
Learned helplessness is our greatest enemy. Watch this week’s video for some practical ways to overcome bad circumstances or frustration.
Celink & 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.
