FHA eliminated the Standard Fixed Rate HECM. So what loan are borrowers overwhelmingly choosing? A look at borrower behavior and motivations.
Continue readingHow the HECM for Purchase Vanquishes Retirement Myths
The word is on The Street: There are some retirement myths that no senior should fall prey to — and while some seem obvious, others bear explication. According to The Street’s investment experts, the 5 Myths are…
Continue reading30 Years Ugly?
Most 24 year olds are considered in the prime of their life but what will they look like in 30 years? The 24 year old federally insured Home Equity Conversion Program created in 1989 is showing wrinkles and signs of premature aging…
Continue readingFund’s Shortfall to Shape Policy
Recently released numbers show a larger shortfall for the HECM portion of the MMI Fund.
Continue readingNew Bill Would Grant FHA Authority to Make Changes
The newly introduced “HECM Stabilization Act of 2013”, or Senate Bill 469, would give FHA the Congressional authority to make sweeping changes to the federally-insured reverse mortgage program.
Continue readingThe Must Stay
Reverse Mortgages Must Stay to Meet Demand. With the words of one senator asking why not stop the reverse mortgage program ringing in our collective ears, it is comforting to hear that housing experts see things differently. The Bipartisan Policy Center Housing Commission…
Continue readingIn Critical Condition or Stabilizing?
Is the Home Equity Conversion Mortgage or federally-insured reverse mortgage in critical condition? One could argue that projected losses of the HECM portion of FHA’s insurance fund are just that…projected and not realized. Whether real or expected FHA is taking strong measures to -quote- fix- the program
Continue readingWhere will the marketing dollars come from?
With the Standard Fixed Rate HECMs no longer available for case numbers issued on or after April 1st…yes April Fool’s day… a prime source of marketing dollars will go away…
Continue readingDear John…
FHA’s Mortgagee Letter 2013-1 was a “Dear John” letter to the Standard Fixed Rate HECM…
Continue readingJoined at the hip: The need for private capital in mortgage lending
The American mortgage market is surgically attached to the Federal government. What would bring private capital back into the reverse mortgage marketplace?
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