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4-Minute Reverse Mortgage News Roundup

Shannon Hicks
 The top reverse mortgage news stories for April 6, 2020 Secondary market pricing turbulence cuts profitability Two proprietary reverse mortgages pulled Nationwide expands its private reverse mortgage offering Mortgagee Letter 2020-06 provides protections for HECM borrowers Massachusetts face-to-face counseling law to be modified due to coronavirus pandemic  

Lessons learned from the traditional mortgage market

Shannon Hicks
The lessons to be learned from the growth of alternate mortgage products Late in the Fall of 2018 traditional mortgage brokers scrambled for new ways to generate loan volume as average home mortgage rates spiked. In late 2018 refinance transactions began to fall leading many brokers to focus more on

Rebranding for Proprietary Reverse Mortgages

Shannon Hicks
 Your brand may be due for a makeover to effectively market proprietary reverse mortgage loans Just as the proprietary reverse mortgage market is unique so should be your marketing approach. About John Luddy: John has trained reverse mortgage professionals how to be successful when sitting face-to-face at the kitchen

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