Australia: largest reverse mortgage lenders exit What happens when reverse mortgage lenders suddenly disappear? Australia is instructive on what happens when lenders offering a needed loan to help seniors age in place suddenly disappear. Despite the strong criticism and negative media stories covering the loan, it would seem the
With the HECM becoming increasingly unpredictable, many reverse-only lenders are expanding to offer traditional mortgages...
[vimeo id=”86567434″ width=”625″ height=”352″] Our next opportunity for growth may be right under our noses It’s no surprise that in the wake of the housing crash, increased regulation, lower lending ratios and the HECM product redesign that many are seeking ways to expand their market and increase their loan production.
Gratitude Opens Doors [vimeo id=”80517936″ width=”625″ height=”352″] What We Can Be Grateful For In The Reverse Mortgage Industry Now that we’ve eaten our last bites of Thanksgiving turkey and pumpkin pie it’s a good time to reflect on gratitude. The essence of yesterday’s holiday. But first I want to personally
TV or not TV? That is the question. While these names might summon more than a little nostalgia, it's also true that today's senior — increasingly, an aging Baby Boomer — is a far cry from those of yesteryear...
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.