March 27th, 2009 | by John | published in LLS, News, Reverse Mortgage
Fannie Mae announced some significant pricing changes yesterday, just a few days before lenders will make the switch to mandatory delivery for live pricing. The change brings higher margins to the reverse mortgage industry with some lenders offering CMT based HECMs with margins as high as 3.75%. According to people who attended last weeks NRMLA [...]
March 27th, 2009 | by John | published in News, Reverse Mortgage
SWBC announced earlier this week that David Cook has joined the company as Vice President of Sales for the Reverse Mortgage division. With more than 40 years in the mortgage industry, Cook will be responsible for working with SWBC’s financial institution partners and their clients. “David is a great addition to SWBC’s Reverse Mortgage division,” [...]
March 27th, 2009 | by John | published in News, Reverse Mortgage
The March 2009 issue of The Revere Review is now available online. This month, Atare Agbamu sits down with Jeffrey M. Lewis of Generation Mortgage Company to discuss his thoughts and insights regarding the future of jumbo reverse mortgages. Also, check out the new “Ask the Servicer” column from Ryan LaRose that will speak about [...]
March 26th, 2009 | by Jim | published in Commentary, News, Reverse Mortgage
On February 27 and March 10, 2009, RMD published Are Reverse Mortgage Proceeds Really Income? and And How Can Reverse Mortgage Proceeds be Income? The purpose of those articles was to dismiss the idea that RM loan proceeds are income. The contention in those articles is that RM proceeds are nothing more than loan proceeds [...]
March 26th, 2009 | by John | published in News, Reverse Mortgage
Dollar Bank announced last week that added reverse mortgages to it asset product offerings. "Dollar Bank believes many senior citizens are struggling day-to-day to live comfortably or make ends meet," said Mike Henry, Dollar Bank Vice President of Mortgage Lending. "As a result of this, more and more older Americans are turning to reverse mortgages [...]
March 26th, 2009 | by John | published in News, Reverse Mortgage, Training
Reverse Mortgage Daily and Sam Collins will be presenting another free training program session on Wednesday, April 8, 2009 at 2pm EST. Sam will review why it is important for reverse mortgage professionals to use blogs to help market their business. He will cover how you can set up a blog in less than 10 [...]
