Industry Leader Update

BREAKING: Exclusive interview with Martin Andelman

Shannon Hicks
 Media pundits tout HELOCs- a bad idea? The impact of the coronavirus on home values This week we had the chance to connect with Martin Andelman for his perspectives on the use of HELOCs by older homeowners, how the coronavirus will impact the housing market, and other financial matters.

The media is looking for COVID-19 stories: Will they find you?

Shannon Hicks
 Media outlets are looking for financial stories related to the coronavirus pandemic. Here’s how you can be the ‘expert’. Your local media outlets, both print, and television, are hungry for financial stories related to the Coronavirus pandemic and chances are they don’t know who you are or the solutions

4-Minute Reverse Mortgage News Roundup

Shannon Hicks
 The top reverse mortgage news stories for April 6, 2020 Secondary market pricing turbulence cuts profitability Two proprietary reverse mortgages pulled Nationwide expands its private reverse mortgage offering Mortgagee Letter 2020-06 provides protections for HECM borrowers Massachusetts face-to-face counseling law to be modified due to coronavirus pandemic  

New York Reverse Lenders Impacted by 11th-hour Regulations

Shannon Hicks
 The authority to create regulations leads to 11th-hour changes Last week many reverse mortgage lenders in the Empire State ceased loan originations for both proprietary (private) and federally-insured loans thanks to a slew of new regulations included as part of an Emergency Adoption & Rule Making announced March 5th.

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