Despite improved HECM outlook, the CBO recommends four major changes to the reverse mortgage program In August 2016 AARP recommended the elimination of the HECM ‘line of credit’ While FHA recent reports show a positive financial outlook for the fiscal year 2020, the CBO issued a report today proposing
Jumbo RMs and those caught in the middle Two months ago we asked if private reverse mortgages would stop the slide in our industry’s overall loan production with the increasing popularity of the jumbo or proprietary- this as the HECM’s volume has dropped considerably. That question was raised again
Tips to avoid spammy sales messages & how to effectively and sincerely engage others Maybe it’s just me, or perhaps not. Have you noticed more come-on sales pitches and so-called ‘personal messages’ and connection requests in LinkedIn? It should come as no surprise. While being an excellent professional network
HECM borrowers with loans serviced by RMS have questions after receiving bankruptcy notices from Ditech The financial woes of Ditech have been documented in recent months. The parent company of RMS (Reverse Mortgage Solutions) is sending out required notices of Ditech’s bankruptcy proceedings which have triggered concerns for many borrowers.