[vimeo id=”84978390″ width=”625″ height=”352″] Professor Sees Reverse Mortgages as a Cornerstone for Retirement Planning It’s no small endorsement. Well known Columbia Business school professor Christopher Mayer not only sees a bright future for reverse mortgages but he’s going into business himself. Mayer is tapering his teaching responsibilities at Columbia to
[vimeo id=”81221046″ width=”625″ height=”352″] 2014 Presents Challenge & Opportunity for HECM Industry The classic Bob Seger song laments, “Against the wind. I’m older now but still running against the wind.” Both retirees and our industry are pressing against the resistance of retirement funding and a more restrictive product for us
Now that the old HECM is effectively gone what can we do to protect and grow our business? Here are nine valuable strategies you can begin working today!
[ad#Network Funding] Reverse Mortgage Reform Bill Passes, Awaits President’s Signature [vimeo id=”71539509″ width=”625″ height=”352″] August or October Surprise? FHA may be able to use a scalpel rather than an axe when it comes to making reforms to the federally insured reverse mortgage or Home Equity Conversion Mortgage program. Late last
[ad#Network Funding] Without Congressional Authority FHA is Faced with Hard Choices [vimeo id=”71124155″ width=”625″ height=”352″] HUD would prefer to take the surgeon’s approach making fine tuned adjustments to the federally-insured reverse mortgage or HECM program. Presently it is left with the axe of harsh change unless Congress acts to give
For future reverse mortgage borrowers qualifying may become problematic. In a recent article in the New York Times “Rules for Reverse Mortgage Borrowers May Become More Restrictive” Christopher Mayer describes the likely approach...
[ad#Network Funding] Borrowers overwhelmingly choosing Standard Adjustable. Why? [vimeo id=”67430808″ width=”625″ height=”352″] HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which
FHA eliminated the Standard Fixed Rate HECM. So what loan are borrowers overwhelmingly choosing? A look at borrower behavior and motivations.