People get ready: CFPB and HECM disclosures
The CFPB has announced it's examination procedures for lenders including reverse mortgages. What guidelines and disclosures will we see added? What now must be addressed in the future?
reverse mortgage borrowers
Robbing Peter to Pay Paul: Friday’s Food for Thought
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?
Client Attention – The gift you want to give & receive
It's a limited and valuable gift. Your attention. More than cards or trinkets, our borrowers and prospects will be duly impressed with your undivided attention.
The Country of Surprise: New questions to ask
[ad#CCCS] Understanding Unexpected Later Life Shifts It’s one thing to talk about aging looking forward; quite another to view it from within that mature skin. In How Did I Get to Be 70 When I’m 35 Inside? 70-year-old Linda Douty offers a delightful “new paradigm” roadmap for conscious aging, focusing
AARP Regulations – Have they gone too far?
That may be just what future reverse mortgage borrowers may need to do to satisfy federal regulators before getting the loan. AARP recently called for more ‘special protections’ to help prevent serious harm (full story here). What is puzzling is the mixed messages that often come from AARP regarding reverse
A dog with fleas? – When some loans may become a resource drain
[ad#Kirchmeyer] [vimeo id=”31617803″ width=”601″ height=”338″] Are you functioning at your best when it comes to the type of loans you attract? Time & effort versus profitability What loans are you attracting (examine) Do you need to market to higher valued homes? What can you do to close your loans more
Friday’s Food for Thought: Are you asking the right questions?
[vimeo id=”26483800″ width=”601″ height=”338″] Why it matters To get a grasp of the impact of the upcoming Financial Assessment guidelines for reverse mortgage borrowers we must begin asking (if we’re not already) some simple questions. Do you know your borrower’s income, debt payments and assets? Learn why this is imperative
Friday’s Food for Thought: Selling independence
[vimeo id=”25876773″ width=”601″ height=”338″] Let’s talk about independence this 4th of July weekend. First for our borrowers and then our industry. Our borrowers want independence from relying on their children to support them in their retirement years. Our industry must assert its own independence over the media bias and
