July 31st, 2009 | by John | published in FHA, News, Reverse Mortgage
A new report published by the Federal Reserve Board looks at the reverse mortgage industry and examines loan level data (from 1989-2007) to provide insight into the growth of the program. Reversing the Trend: The Recent Expansion of the Reverse Mortgage Market is the first paper to perform such analyses using actual loan-level reverse mortgage [...]
July 31st, 2009 | by John | published in International, News, Reverse Mortgage
There has been lots of talk about reverse mortgages in different parts of the world and many people had high hopes for the product in India. However, the Economic Times writes that senior bank officials say the product has failed to take off the way people had hoped. A senior bank official, who did not [...]
July 31st, 2009 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Just a few of the new jobs posted to Reverse Mortgage Jobs Online: Managers and Loan Officers (Nationwide) Seniors Reverse Mortgage Reverse Loan Officer (Atlanta) Retire Secure LLC Housing Counselor (HECM certificate required) (Auburndale) American Consumer Credit Counseling Vice President of Sales (Reverse Mortgage) (Roseville) Paramount Equity Mortgage Reverse Mortgage Originator (Nationwide) iReverse Home Loans Reverse Mortgage Specialist (Tennessee) AAXA Mortgage [...]
July 30th, 2009 | by John | published in Generation Mortgage, Legislation, News
Just a few weeks after the State of New Hampshire passed a bill banning yield spread premiums on reverse mortgages, Generation Mortgage announced to its brokers that was pulling out of the state. HB 610 is scheduled to become effective July 31st and was passed to implement the Secure and Fair Enforcement for Mortgage Licensing [...]
July 30th, 2009 | by Neil | published in Events, MBA Reverse, News, NRMLA, Reverse Mortgage
The fall conference season, always an active starting point for consideration of industry issues, features two major reverse mortgage events, including the third such program from the Mortgage Bankers Association. That meeting, scheduled for San Diego, Sept. 9-11, includes discussion of mandatory live pricing, “which changes the environment that lenders are doing business in,” according [...]
July 30th, 2009 | by John | published in News, Reverse Mortgage
The combined July/August 09 issue of The Reverse Review is now available online. This month’s Reverse Review feature article is from Michael Banner where he discusses the new reality of the reverse mortgage industry. With loan limits being increased, the introduction of a new HECM for purchase product and the slashing of origination fees no [...]
