Is Your Reverse Mortgage Marketing “Insane”?
The old saying goes something like this.... "insanity is doing the same thing over and over again
Shannon Hicks
30-day Rescission Period Dropped from California Bill
A California Assembly committee struck the controversial 30-day rescission period as one of several amendments to a reverse mortgage bill Monday, a spokeswoman for Assemblyman Mike Feuer, the bill’s author, said today. The Assembly Committee on Banking and Finance, on a nine to zero vote, also approved three other amendments
Sen. McCaskill To Keep Pushing for Reverse Mortgage Reform
Missouri Sen. Claire McCaskill, who has described reverse mortgages as “very dangerous,” will continue to push for further reforms of the reverse mortgage market, her spokeswoman said, after the Senate did not consider her amendment to a federal fraud enforcement bill that passed today. “Here’s the problem: we’ve got the people closing
New Loan Limit… It’s here!
Under ARRA, the national FHA loan limit for HECM will increase from $417,000 to $625,500 (from 100 percent to 150 percent of the conforming limit). HECM loan mortgagors do not undergo the same procedures for credit approval as do mortgagors for forward mortgages. FHA does not deem the credit approval
Minnesota Attorney General Pushes Reverse Mortgage Legislation
Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days. The legislation, introduced in both the state House of Representatives and Senate yesterday, states that borrowers
The HVCC Changes YOUR business…
Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New York State Attorney General Andrew
Growth Management – Reverse Mortgage Company
Now things are getting exiting. You are growing and going! Learn how and when to expand a successful reverse mortgage company. Know how to hire and train people to do the job correctly the first time through, and then retain those people. As your team develops, you will learn how
What is Reverse Mortgage University?
Reverse Mortgage University is the foundation on which I have built my successful Reverse Mortgage company. The foundational building blocks on which I have built my business are universal and can work for anyone who wants to be a successful Reverse Mortgage Loan Originator. We have developed systems which are
