Is the federally-insured reverse mortgage a social program or a mortgage loan? The question should be addressed as it goes to the heart of recent program changes, restrictions and requirements. While few argue the HECM program is a social program many often lament that the loan no longer serves the
The Three Horsemen of the Retirement Apocalypse. It’s no secret. The retirement system in America is broken.
How do mean navigate later life alone due to divorce or, more likely, the death of a spouse. What makes the information most compelling is the voice of Suddenly Solo...
In my younger (pre-reverse mortgage years) I had the opportunity to meet several salespeople. All ages, skillsets and personalities. I learned something. Far more important than personality, closing skills or charm successful salespeople had this... a niche skill and they didn’t stray from it
The powerful lobying group AARP with it’s 38 million plus members has incredible clout in Washington DC. In a recent Senate hearing before lawmakers they suggested six changes to the federally insured reverse mortgage program.
[ad#Network Funding] Borrowers overwhelmingly choosing Standard Adjustable. Why? [vimeo id=”67430808″ width=”625″ height=”352″] HUD says the reverse mortgage program is generating positive cash flow. That’s good for the short term but does not erase the future liabilities to the mutual mortgage insurance fund for previous years books of HECM business which
Dylan sang, "The times they are a-changin'," and the septuagenarian's lyrics presaged today's workforce. Gone is the gold watch and golden years playing golf or relaxing on the front porch.
There has been much discussion as to why reverse mortgage volumes are at historic lows.Will reverse mortgage volume slowly rise again like the mythical Phoenix from its ashes? A look at current home price trends and our future.