February 24th, 2009 |
by John |
published in
Counseling, FHA, News, Reverse Mortgage
The Department of Housing and Urban Development announced that it’s creating a new HECM counseling survey to obtain information about borrowers counseling experience. The information obtained will help HUD determine performance reviews of counseling agencies. According to the Federal Register Notice, HUD is soliciting comments from members of the public and affected agencies concerning the [...]
February 23rd, 2009 |
by John |
published in
FHA, News, Reverse Mortgage
All Reverse Mortgage Company just informed me that after speaking with HUD’s Atlanta Home Ownership Center, HUD has posted new guidelines regarding the HECM for purchase that supersede Mortgagee Letter 2008-33. The big question on everyone’s mind has been how is the benefit calculated for the HECM for purchase? According to HUD’s new HECM for [...]
February 23rd, 2009 |
by John |
published in
Financial Freedom, News, Reverse Mortgage, Servicers
Fitch Ratings has affirmed Financial Freedom Senior Funding Corporation’s (Financial Freedom) U.S. residential servicer ratings as follows: Residential primary specialty-reverse servicer rating affirmed at ‘RPS3.’ Fitch also removes the ratings from Rating Watch Evolving.
February 23rd, 2009 |
by John |
published in
News, Reverse Mortgage
Griffin Financial Mortgage recently announced that it added Kristen Ellis as its newest reverse mortgage Loan Officer Support person. “We are honored to have Kristen join our team. It is energizing to add experienced people to our staff that are dedicated to help build our company,” said Robert Griffin, President, Griffin Financial Mortgage.
February 20th, 2009 |
by Jim |
published in
Commentary, FHA, News, Reverse Mortgage
The President and Congress are concerned about the need for expansion of mortgage modification programs. Although wider modification of interest rates and principal is welcome, there is another area of mortgage modification that would greatly help senior homeowners — subordination clauses. Although the HECM program does not permit the creation of new debt with the [...]
February 20th, 2009 |
by John |
published in
News, Reverse Mortgage, Training
Reverse Mortgage Daily and Monte Rose are pleased to present another free reverse mortgage training session where Monte will help you Master the Art of Inquiry to Maximize your Sales Effectiveness on Wed on March 4 at 12pm (EST). Monte has spent over 10,000 hours with seniors at the kitchen table with seniors, where he [...]
