[ad#Independence Housing Group] [vimeo id=”51248396″ width=”625″ height=”352″] Are we already assessing borrowers? Many have mixed emotions about the soon to be released financial assessment from HUD even though we know it is necessary to help reduce defaults due to taxes and insurance. The question is have lenders quietly begun their
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.
Has our industry become more similar to traditional lending? With product & regulation changes...
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