[ad#Take Charge America] Do your reverse mortgage prospects and clients have a plan for the unexpected? According to a recent survey of 449 financial advisors, even prudent seniors overlook a critical component of retirement planning. When the experts were asked, “What’s the biggest threat to the financial security of retirees?”
It's a consequence of the payroll tax cut extension: increased FHA premiums. Reverse mortgage borrowers may see increases of ongoing insurance premiums. Should borrowers bear the burden for a tax cut for working Americans?
[vimeo id=”32590209″ width=”601″ height=”338″] Learn what Celink is doing to help borrowers prevent and cure tax and insurance defaults for reverse mortgage borrowers. A Behind The Scenes Look At Curing Tax & Insurance DefaultsOur exclusive interview with Celink’s John LaRose at last month’s NRMLA meeting uncovers some of the steps
[ad#Kirchmeyer] [vimeo id=”30521686″ width=”601″ height=”338″] HUD Secretary says fund backing reverse mortgages looks good… The lackluster condition of of the Mutual Mortgage Insurance fund in fiscal year 2010 lead to some sweeping changes which included a reduction of principal limit factors, an increase of ongoing FHA insurance and the introduction
[vimeo id=”30161174″ width=”601″ height=”338″] HUD has made it official, reverse mortgage lenders have the authority to help prevent tax and insurance defaults when it comes to financial underwriting and potential reverse mortgage borrowers assessments.