A summary of recommended HECM changes In a statement issued last week we learned that the Department of Housing and Urban Development (HUD) in cooperation with the Treasury Department presented President Donald Trump with their plans for reforming the Nation’s housing finance system and the Home Equity Conversion Mortgage program.
Avoiding fatalism Fatalism is tricky. One for its meaning being widely misunderstood and two for how pernicious it is to those who have unwittingly embraced it. While its name may engender some confusion, fatalism does not mean one eagerly awaits death- however it may be the death of hope, achievement,
Instead of responding defensively, ask these questions A defensive response is a sure way to lose. Lose a political debate, a public presentation, or even worse your credibility. Much of what has been presented in the media at large regarding reverse mortgages can easily put any HECM professional in a
Preventing Foreclosure The following was originally published in November 2011. Despite much of the recent negative news coverage reverse mortgages have helped countless older homeowners avoid inevitable foreclosure and eviction. Personal success stories are a powerful vehicle to imprint the value of a product or service in potential clients’ minds.
If we’re at the new norm of industry-low volume, what’s next? Reverse Market Insight’s recap of June 2019 endorsements states, “2,500 endorsements per month is the default volume setting for the industry right now”. Calculate that out and that would equate to a new low in annual HECM endorsements totaling