Comments on: Top HECM Lenders Through March 2009 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/ Reverse Mortgage News and Information Fri, 10 Feb 2012 19:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-23068 admin Tue, 07 Apr 2009 03:01:14 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-23068 Keeping Things Simple, I'd be happy to help NRMLA with something like that, but they've never approached me about it. Keeping Things Simple,

I’d be happy to help NRMLA with something like that, but they’ve never approached me about it.

]]> By: Keeping things simple..... http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-23036 Keeping things simple..... Mon, 06 Apr 2009 18:41:13 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-23036 I think this blog should operate censorship free, I agree with James Nelson. This blog should be mandatory reading at HUD. There seems to be quite a bit of unrest in the field about the support level provided by NRMLA. It would be interesting to see a membership poll regarding the existing board and leadership? Maybe everyone is happy with things as they are. Would NRMLA have the courage to poll its members? Maybe John should undrtake this project. "Arms length". Regarding this top ten list: There is an obvious issue with the numbers this month. My guess is that Wells got caught up on insuring. I have been tracking this for years, and from time to time lenders get backed up dramatically in the insuring function. Insured loans are what hit the press. I believe it is possible we barely broke even as an Industry last month. There is simply no way Wells got that good that fast. 2008 - 575 units. 2009 - 2189 units. No way. Probably, more like 1200 units. Just an (educated) guess. Go track their last 6 months. Most have been decliners. This also shows retail only, does not aggregate the wholesale units done by a lender. Those are attributed to the mini-eagle that originated them. Neighborhood Watch is a better tool. I think this blog should operate censorship free, I agree with James Nelson. This blog should be mandatory reading at HUD.

There seems to be quite a bit of unrest in the field about the support level provided by NRMLA. It would be interesting to see a membership poll regarding the existing board and leadership? Maybe everyone is happy with things as they are. Would NRMLA have the courage to poll its members? Maybe John should undrtake this project. “Arms length”.

Regarding this top ten list: There is an obvious issue with the numbers this month. My guess is that Wells got caught up on insuring. I have been tracking this for years, and from time to time lenders get backed up dramatically in the insuring function. Insured loans are what hit the press. I believe it is possible we barely broke even as an Industry last month. There is simply no way Wells got that good that fast. 2008 – 575 units. 2009 – 2189 units. No way. Probably, more like 1200 units. Just an (educated) guess. Go track their last 6 months. Most have been decliners.

This also shows retail only, does not aggregate the wholesale units done by a lender. Those are attributed to the mini-eagle that originated them. Neighborhood Watch is a better tool.

]]> By: Raymond http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22931 Raymond Sun, 05 Apr 2009 18:09:36 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22931 Who are "Money House Inc" and "1st AAA Reverse Mortgage Inc"? Are they Brokers, like "Omni Reverse", or are they Wholesalers? Who are “Money House Inc” and “1st AAA Reverse Mortgage Inc”? Are they Brokers, like “Omni Reverse”, or are they Wholesalers?

]]> By: James A. Nelson http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22855 James A. Nelson Sat, 04 Apr 2009 23:51:23 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22855 I wish...actually I have a great respect for all in the Reverse Mortgage Industry, Mr. Peter Bell, John The Admin, especially Mr. James Veale, The Cynic, The Critic, Kidreverse and especially all of the talented, hard working Loan Originators who actually interface with financially desperate Seniors, in many cases....The Blog was about wasting, in my opinion, a quarter of a Million Dollars on a Certification program of questionable value and disasterous FHA HECM Home Appraisals during this time of "Toxic Assets." No one has all the answers all the time; some have them some of the time;and, thankfully, most have them most of the time Honest, open debate is the genuine strength of our way of life. I wish…actually I have a great respect for all in the Reverse Mortgage Industry, Mr. Peter Bell, John The Admin, especially Mr. James Veale, The Cynic, The Critic, Kidreverse and especially all of the talented, hard working Loan Originators who actually interface with financially desperate Seniors, in many cases….The Blog was about wasting, in my opinion, a quarter of a Million Dollars on a Certification program of questionable value and disasterous FHA HECM Home Appraisals during this time of “Toxic Assets.” No
one has all the answers all the time; some have them
some of the time;and, thankfully, most have them most of the time Honest, open debate is the genuine strength of our way of life.

]]> By: Scott R http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22849 Scott R Sat, 04 Apr 2009 22:26:28 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22849 He seems to go off his medication from time to time. He seems to go off his medication from time to time.

]]> By: Rob H http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22841 Rob H Sat, 04 Apr 2009 20:53:13 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22841 I enjoy reading RMD for ALL it's content. Maybe Nelson is having a bad day. He probably should start his own reverse mtge "bitching blog". Keep up the good work. I enjoy reading RMD for ALL it’s content. Maybe Nelson is having a bad day. He probably should start his own reverse mtge “bitching blog”.

Keep up the good work.

]]> By: James A. Nelson http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22838 James A. Nelson Sat, 04 Apr 2009 20:25:55 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22838 B.S. How does knowing the top Companies in the RM Field help you work with Seniors? That's the only issue: I thought this wasn't the NRMLA Official Web Site--maybe it really is. Respect from me has to be earned, Fellow--maybe you're enamored with Titles, I am not. I only care about what you've done, at any level, to help a Senior get an FHA HECM lately. B.S. How does knowing the top Companies in the RM Field help you work with Seniors? That’s the only issue: I thought this wasn’t the NRMLA Official Web Site–maybe it really is. Respect from me has to be earned, Fellow–maybe you’re enamored with Titles, I am not. I only care about what you’ve done, at any level, to help a Senior get an FHA HECM lately.

]]> By: RMLeader http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/comment-page-1/#comment-22834 RMLeader Sat, 04 Apr 2009 19:22:38 +0000 http://reversemortgagedaily.com/2009/04/03/top-hecm-lenders-through-march-2009/#comment-22834 Mr. Nelson, I find the articles and content of RMD valuable to my business including the pieces on top 10 ten lenders. I find it is a way to keep up on what's happening in the industry without my taking all the time it takes to research and find the information myself. Note, I am not an overpaid executive but someone who is passionate about my business and helping seniors and like to be kept up on the industry news. I feel the readers should be able to respond and discuss articles on this post (this is part of the value of this Blog). However, comments should be kept to the topic at hand and should be kept professional and respectful. Mr. Nelson, if you or anyone doesn't find an article of interest, don't read them, move on to another one or wait until one comes of interest. Additionally, if you are so interested in expressing your opinion without censorship, than why don't you start your own Blog? Then you would have free reign of posting what you consider interesting articles and voicing your opinion. Thanks, RMD! Mr. Nelson,
I find the articles and content of RMD valuable to my business including the pieces on top 10 ten lenders. I find it is a way to keep up on what’s happening in the industry without my taking all the time it takes to research and find the information myself. Note, I am not an overpaid executive but someone who is passionate about my business and helping seniors and like to be kept up on the industry news.

I feel the readers should be able to respond and discuss articles on this post (this is part of the value of this Blog). However, comments should be kept to the topic at hand and should be kept professional and respectful.

Mr. Nelson, if you or anyone doesn’t find an article of interest, don’t read them, move on to another one or wait until one comes of interest. Additionally, if you are so interested in expressing your opinion without censorship, than why don’t you start your own Blog? Then you would have free reign of posting what you consider interesting articles and voicing your opinion.

Thanks, RMD!

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