How to keep from losing your way
Lance Armstrong’s recent admissions of cheating the system by using performance enhancing drugs reminds us how one can lose their way in pursuit of their career...
Shannon Hicks
Dear John…
FHA's Mortgagee Letter 2013-1 was a "Dear John" letter to the Standard Fixed Rate HECM...
January 2013 Top 100 Retail Lenders
Download your January Top 100 Retail HECM Lenders Report Here. [ad#Urban Financial Group] Does the first month of 2013 foreshadow rankings for this year? While the top 10 remains relatively unchanged from December the impact of the fixed rate suspension will not show until later this year.
Hardships: How we overcome…
When it comes to overcoming hardship there are some things that we can count on to get us through.
Joined at the hip: The need for private capital in mortgage lending
The American mortgage market is surgically attached to the Federal government. What would bring private capital back into the reverse mortgage marketplace?
Overcoming Negativity
As an industry we have been pummeled with negative news, unexpected changes and worry. The key is not so much how NOT to be negative but HOW to be positive. It’s a practiced mental skill and muscle that must be flexed to grow...
Regulations Changing Practice & Behavior
With the recently released final rules for loan officer compensation and the expected suspension of the standard fixed rate HECM product government agencies have drastically changed the motivations and interaction between mortgage lenders and borrowers. First loan officer compensation...
A New Approach Required: Selling the Adjustable HECM
With the expected suspension of the fixed rate standard product comes the need to adjust our approach with prospective borrowers. Here are five tips to help with the transition...
