reverse mortgage loans

BREAKING: New PLFs Released

Shannon HicksJune 27, 2014November 14, 2014

by Shannon HicksJune 27, 2014November 14, 201411966

More money for older HECM borrowers, substantially less when younger non-borrowing spouse present Today HUD released new PLFs (Principal Limit Factors) which now include a table for younger co-borrowers. Jerry Wagner, the President & owner of IBIS Software which provides origination software and information for both HUD and HECM Lenders

New HECM Products Nixed

Shannon HicksApril 7, 2014July 28, 2014

by Shannon HicksApril 7, 2014July 28, 20144 1224

There was a rush to market by a handful of lenders to offer fixed rate variant products which still fell within the guidelines of the federally insured reverse mortgage or HECM program. While FHA has not directly addressed these new products Ginnie Mae has.

Every Problem Once was a Solution

Shannon HicksApril 4, 2014July 28, 2014

by Shannon HicksApril 4, 2014July 28, 201401195

[vimeo id=”90920562″ width=”625″ height=”352″] What once worked may be problematic today Oddly our topic that every problem once was a solution reminds me of the now extinct standard fixed rate HECM. It was a solution to borrowers seeking maximum funds or a guaranteed interest rate which became a problem loan

Is this Our Next Growth Market?

Shannon HicksFebruary 17, 2014February 27, 2014

by Shannon HicksFebruary 17, 2014February 27, 20146 1440

[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.

New Service Launched for RM Industry

Shannon HicksSeptember 25, 2013October 21, 2013

by Shannon HicksSeptember 25, 2013October 21, 201301238

Equity Settlement Services, Inc. and the Law Offices of Puleo Delisle, PLLC are proud to announce the introduction of Senior Settlement Services.

HECM 3.0. A Prescription for Change

Shannon HicksSeptember 6, 2013October 22, 2013

by Shannon HicksSeptember 6, 2013October 22, 20132 1244

With its recently announced changes HUD has effectively launched HECM 3.0. he programs third reinvention eliminates all present loan programs and effectively gives us a Saver reverse mortgage with a higher and graduated upfront mortgage insurance premium.

Soon Harder to Get…

Shannon HicksJuly 22, 2013November 13, 2013

by Shannon HicksJuly 22, 2013November 13, 201311171

For future reverse mortgage borrowers qualifying may become problematic. In a recent article in the New York Times “Rules for Reverse Mortgage Borrowers May Become More Restrictive” Christopher Mayer describes the likely approach...

The Need for Non-Government Backed Reverse Mortgages

Shannon HicksJuly 15, 2013November 13, 2013

by Shannon HicksJuly 15, 2013November 13, 20136 1788

Reverse Mortgage loans without government backing? One mortgage banker says we need this sooner than later.

May Top 100 HECM Lenders Report

Don’t blame the HECM sandwich!

Why my father got a reverse mortgage

Kicking & Screaming

reverse mortgage loans

BREAKING: New PLFs Released

New HECM Products Nixed

Every Problem Once was a Solution

Is this Our Next Growth Market?

New Service Launched for RM Industry

HECM 3.0. A Prescription for Change

Soon Harder to Get…

The Need for Non-Government Backed Reverse Mortgages

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