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« Mortgage Cadence Strengthens Document Preparation Product
New Reverse Mortgage Loan Limits Help More Seniors Qualify »

Reverse Mortgage News Headlines

October 17th, 2008  |  by admin Published in News, Reverse Mortgage  |  1 Comment

A few reverse mortgage headlines from the week:

  • The ins and outs of reverse mortgages (Bankrate)
  • Reverse Mortgages Useful in Tight Market (Spectrum Online)
  • Reverse Mortgage Limit Rising To $417,000 (Hartford Business)
  • Reverse mortgages set record, new loan limit eyed (Reuters)

Have a great weekend!

Technorati Tags: Reverse Mortgage,News,HECM,FHA,HUD
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  • Question_Mark
    the Admin,

    The articles selected this week were exceptional for their variety and overall insight into how others view us. Another good job!!
  • Question_Mark
    Wow!!! The articles were instructive. Written by four different authors and posted in four different publications, they had two main threads in common.

    When presented, the HECM payout information was substantially correct in each case.

    However, the other thread was that the authors got so much wrong. This was not a problem with their research efforts although that may in part explain the errors; it was apparent some had contacted the leaders in our industry. What was disappointing was the lack of basic understanding they had in the product and the concepts they used in explaining it.

    What the articles prove is that for an industry which claims one of its primary objectives is teaching, we have failed and failed pretty miserably. I do not think it is just these authors we failed; we failed their readership. Worse we are probably failing our “customer” base even more. Either we do not know the products ourselves or we do not know how to “teach” them to others.

    Prior recommended articles that were nothing more than RM advertising could not get things right either. This is a sad state of affairs. Let’s all do better!!!
  • RickM
    I agree. A lot of differing comments and some are just plain wrong and some come from credible websites but are chocked full of bad advice. I see probably one sensible article to 9 ridiculous articles each week and we all need to help balance them out.
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