Some claim it has created confusion in the marketplace. Others fear it will exclude up to 30% of borrowers. As the debate continues, the Financial Assessment is the biggest game-changer our industry faces, and our future borrowers
It was groundbreaking when MetLife began using the Financial Assessment but now they have stopped using it altogether. Learn more in this week's video.
Here's why reaching out to realtors about the HECM Purchase will open more doors than you would expect, despite the down housing market.
The CFPB has announced it's examination procedures for lenders including reverse mortgages. What guidelines and disclosures will we see added? What now must be addressed in the future?
Has our industry become more similar to traditional lending? With product & regulation changes...
Here are 7 trends we expect to see in 2012 for our industry. Some expected and some will come as a surprise.
HUD says they are open to increasing premiums. Does that include HECMS? See the pressures of a weak insurance fund and Senate bills are imposing on FHA lending in the future.
Is the proverbial "horse out of the barn" when it comes to Reverse Mortgage Tax & Insurance Defaults? A problem that was quietly brewing for more than a decade grew into glaring issue with the crash of housing values in 2007 & 2008. Many borrowers hit hard financially