Comments on: President Signs Housing Bill, Reverse Mortgages Receive New Loan Limit and More

By: Countrywide Discontinues Reverse Mortgage Advisor Program

Countrywide Discontinues Reverse Mortgage Advisor Program — Sun, 10 Aug 2008 22:07:38 +0000

[...] announced that they were discontinuing their reverse mortgage broker advisor program due to the Housing and Economic Recovery Act of 2008 being signed by the [...]

By: phill herman

phill herman — Mon, 04 Aug 2008 20:30:08 +0000

What a sorry way to penalize brokers. My corporation has been in business for 24 years with no audit problems, very limited number of brokers, all clean. Referral business exceeds 90% so we must be keeping our clients happy.
Why don’t you just come out and say you want to shut down the economy put every body out of business and let the government do it all. We can be that socialist state that you want. You are breaking the spirit of this country one business at a time. I am sorry I am an American. I hope I can find some one who will hire a VET.

By: HUD Eliminates Reverse Mortgage HECM Advisor Program

HUD Eliminates Reverse Mortgage HECM Advisor Program — Fri, 01 Aug 2008 01:29:57 +0000

[...] FHA Commissioner Brian Montgomery conducted a telephone briefing on the FHA Modernization legislation and he announced that HUD will be eliminating the HECM Advisor program. According to NRMLA, [...]