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Working from home has it’s unique advantages and challenges. Here are five practical tips you can use to increase efficiency….yes some apply if you work in an office as well.Continue reading
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To get a grasp of the impact of the upcoming Financial Assessment guidelines for reverse mortgage borrowers we must begin asking (if we’re not already) some simple questions. Do you know your borrower’s income, debt payments and assets? Learn why this is imperative to be fully prepared as a professional.
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Yes. It’s come down to politicians in Washington threatening that seniors social security checks may stop if the debt-limit or ceiling is not raised by congress. Nice. But closer to home comes the possibility that if the limit is not raised by August 2nd, then FHA could cease operationsContinue reading
It’s much like tearing a band-aid off a wound. Do it slowly and it hurts much longer. Do it quickly and it hurts bad but the event is over quickly.  It appears that banks while foreclosing are holding off on putting them back on the market. The term to describe this is shadow inventory.Continue reading
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Getting prospective borrowers to act is about motivating them to move forward when a reverse mortgage is in their best interest. Here are just a few tips to help:Continue reading
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Let’s talk about independence this 4th of July weekend. First for our borrowers and then our industry. Our borrowers want independence from relying on their children to support them in their retirement years. Our industry must assert its own independence over the media bias andContinue reading
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It’s nothing to gloat about. Quite frankly it came as a shock when Wells Fargo promptly exited stage right from the reverse mortgage business, especially for their employees. Two major banks departing is not a sign that the proverbial ship is sinking, nor are the remaining players Continue reading
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How the check engine light comes on in the Reverse Mortgage Industry with things like Reverse Mortgage Industry warnings and HUD counseling protocols.
Opportunity or omen? Wells Fargo exit from reverse mortgage sends shockwaves across the industry. Just what does it mean and what was Wells historic role in establishing reverse mortgages?
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Wells Fargo is leaving the Reverse Mortgage Business. Is this an opportunity or an omen of things to come in the Reverse Mortgage Industry?
