HECM Counseling committee addresses property defaults
HUD's Housing Counseling Federal Advisory Committee met and looked at lingering issues in HECM loans- including some borrowers who unexpectedly ended up in foreclosure.
HECM counseling
RMs can bring a whole new approach to estate planning
Unable to use the embedded player? Listen here. EPISODE #701 Canada’s Home Equity Bank exec says reverse mortgages can bring a whole new approach to estate planning “I think that there’s an opportunity for reverse mortgages to put the whole landscape of estate planning on its ear”, said Andrew Cairns, National
3 Trends Housing Counselors are Seeing
Unable to use the embedded player? Listen here. EPISODE #658 Exclusive Interview with Melinda Opperman What trends are counselors seeing this year? To answer that question we spoke with Credit.org’s Melinda Opperman. Other Stories: Biden administration moves mortgage forbearance deadline…again
Podcast E642: A Biden Presidency? Here’s what we may expect
Unable to use the embedded player? Listen here. A Biden Presidency? Here’s what we may expect The Hill reports than long-time reverse mortgage critic, U.S. senator, and former co-sponsor of the legislation that created the CFPB is making her interest known in serving as Treasury Secretary in Biden administration should
Counseling Survey Reveals Borrower Motivations
[vimeo id=”146967685″ width=”625″ height=”352″] Pre-Assessment Survey Sheds Some Light on Borrower Perspectives While the survey didn’t account for recent borrowers challenged with the Financial Assessment, the research does pull back the curtain on the motivations behind older homeowners who seek out a reverse mortgage. At the NRMLA annual meeting in
Be Careful What You Promise
With fewer qualified leads comes the temptation to over promise just how long it takes to close their reverse mortgage. After all who wouldn’t want to promise a quick turn around when the prospect is shopping with several other lenders?
Circling the Wagons
Circling the wagons. It’s something our early pioneers did to protect themselves and their party from attack during their perilous journey to settle the western frontier. Not unlike the settlers we must take proactive measures to protect our hard-earned applicants from fear, doubts and mostly confusion during one of the
