[ad#Take Charge America] When HUD released their expected changes to the Home Equity Conversion Mortgage Program (Mortgage Letter 2013-27), or the federally insured reverse mortgage many asked “Where are the new lending ratios?”. Well the new Principal Limit Factors are here (download PLF Factor Table here). Important Points to Ponder:
Download your August Top 100 Retail HECM Lenders Report Here. [ad#Urban Financial Group] The top ten lender positions remain relatively unchanged while Nationstar broke last month’s top 10. In the wake of consolidation and acquisitions it appears that the largest lenders have firmly established their positions. What remains to be
Success. To often I’ve fallen into the trap to isolate its meaning to my career. How many applications written, loans closed, overall personal income...etc. Those are good measures of our professional & financial achievements but success is so much broader.
Download your July Top 100 Retail HECM Lenders Report Here. [ad#Urban Financial Group] Although charting the future of HECM changes is confusing, seeing who is grabbing marketshare or growing is not. There were substantial moves amongst the top 10 lenders as well as those outside the top 10 in July.
WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES COMPLETION OFACQUISITION OF SECURITY ONE LENDING ￼￼(Tampa, Fla.) – Walter Investment Management Corp. (NYSE: WAC) (“Walter Investment” or the “Company”) an asset manager, mortgage portfolio owner and mortgage servicer, today announced the completion of the acquisition of 100% of the stock of Security One Lending
Product change and regulation are taking their toll on one business model: the small independent broker or lender. Smaller premium payouts and increased regulatory costs may cause some to consider joining...