Despite challenges there is reason for measured optimism HECM originators in the state of Connecticut have their own October surprise. The state’s governor signed into law Senate Bill 150 which goes into effect October 1st, 2018. It requires that prospective borrowers receive HECM counseling and provide a certificate of completion
Interest rate hikes are here. How to cope? The Federal Reserve has already increased the benchmark federal funds rate and has telegraphed their intention for additional hikes this year. Do reverse mortgage lenders and borrowers need to worry? Be careful what you wish for. Monetary policy dictates that as the
3 reasons why you should expect big changes in 2017 The political landscape changed with a sudden seismic shift felt across the world. Domestically the impacts of a new populist, small government philosophy may manifest themselves in a variety of ways that will impact reverse mortgage lending this year. Slashing
[vimeo id=”139756544″ width=”625″ height=”352″] The Potential Impacts When the Fed Raises Interest Rates It’s been a cliffhanger of sorts. The U.S. economy appears to be recovering yet their are fundamental issues that are not resolved. In the wake of the financial crisis of 2009 interest rates have been held at
UPDATE: On Thursday March 31st the US Court of Appeals granted a temporary administrative stay delaying the rule at least until April 5th at which time there will be a hearing.
The Federal Reserve has passed an interim rule (read more here) that effectively eliminates the controversial HVCC (Home Valuation Code of Conduct). Many originators and industry professionals agree that appraisal independence is needed but not on how to achieve that end. Without the HVCC will much really change? What are