January 22nd, 2009 | by John | published in News, Reverse Mortgage, Technology
Golden Gateway Financial recently launched a web based reverse mortgage for purchase tool to help borrowers identify if the program is a good solution for them. Starting this year, seniors are able to purchase a new home and secure a reverse mortgage in the same transaction by applying the reverse mortgage payout towards the purchase [...]
January 22nd, 2009 | by John | published in Marketing, News, Reverse Mortgage, Training
Reverse Mortgage Daily and Sam Collins are pleased to present another free reverse mortgage training session on Wednesday, February 4th at 2:00 pm (EST). Sam will go over ways to evaluate your reverse mortgage company and personal foundation to ensure success in 2009. He will examine, poke and prod to get you to think about [...]
January 21st, 2009 | by Jim | published in Commentary, FHA, News, NRMLA, Reverse Mortgage
One of the more interesting subtopics at the last NRMLA Convention was how to reduce the entry costs of HECM reverse mortgages. This certainly takes on more importance in early 2009 than at any time since the 1990s — as HECMs are the sole products available to reverse mortgage originators. Since the House Financial Services [...]
January 21st, 2009 | by John | published in News, Rates, Reverse Mortgage
The average 10-year Treasury rate fell by 18 bp last week, but today, Wednesday the 21st, the 10-year Treasury jumped up to 2.53%. We’re still in territory where the Principal Limit is maxed out, and the SFSA and tenure conversion factors are the only things moving with rates. Higher rates and margins mean more money [...]
January 21st, 2009 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Have you stopped by to check out our job board? Companies like 1st Reverse, Generation Mortgage, and Omni are hiring nationwide and below are a few other companies looking to expand: Reverse Mortgage Originators (California) The Senior Equity Group, Inc. Reverse Mortgage Specialist (Michigan) First Financial Reverse Mortgages Loan Originator (Arizona) Seniors Reverse Mortgage Solutions
January 20th, 2009 | by John | published in News, NRMLA, Reverse Mortgage
Last week the National Reverse Mortgage Lenders Association announced that the draft of the economic recovery bill released by the House of Representatives contains a provision, which was inserted in response to a request that came jointly from NRMLA and AARP, that would set the single national loan limit for HECM at a higher level [...]
