banks

Traditional lender and bank reluctance may present opportunity

Shannon Hicks
Beyond generational lending: Bank and lender partnerships On it’s face the reluctance of mortgage lenders to offer reverse mortgages could be seen as a setback. Recent survey results from the Stratmor Group’s sampling of 120 traditional mortgage lenders reveal only 35% currently offer the HECM. The number one reason given

CFPB Regulations – Play by the same rules: Industry Leader Update

Shannon Hicks
UPDATE: Here’s a link to another article on NMLS licensing & the SAFE Act by Richard Booth. [ad#Independence Housing Group] [vimeo id=”33425593″ width=”625″ height=”352″] Consumer Financial Protection Bureau Regulations Shouldn’t we all play by the same rules? The Consumer Financial Protection Bureau (CFPB) says all mortgage originators should play by

Reverse Mortgage Industry – Are we too big to disappear (fail)?

Shannon Hicks
[vimeo id=”32327877″ width=”601″ height=”338″] The Future Of The Reverse Mortgage Industry Will our industry disappear due to economic pressure and regulation? Our commentary examines while we are small segment of mortgage lending are we irreplaceable nonetheless? It’s a look at an industry coming of age. Watch this week’s video and

Remaining Lenders Grow: August 2011 Top 100 HECM Lenders Report

Shannon Hicks
Download the August 2011 Top 100 HECM Lenders Report here. Big Names disappear, survivors grow It’s strange to no longer see the familiar name of Bank of America on the top lenders report. Wells Fargo remains because endorsements usually trail applications by 3-4 months so soon they will fade from

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