August 31st, 2009 | by John | published in Celink, News, Reverse Mortgage
PenFed, an Alexandria, VA based credit union is offering customers their PenFed Advantage program which provides an FHA insured HECM without any origination fee or service fee set aside (SFSA). Without the SFSA, a 70 year old borrower will see roughly $5,000 more in proceeds with a property valued at $600,000. Below is a comparison [...]
August 31st, 2009 | by John | published in FHA, Gov. Updates, News, Reverse Mortgage
The Office of Thrift Supervision within the Department of the Treasury is soliciting comments on a proposed new schedule for Annual Supplemental Consolidated Data on Reverse Mortgages for its Thrift Financial Report (TFR). With the volume of reverse mortgage activity expected to dramatically increase, the agencies said they need to collect information from financial institutions [...]
August 31st, 2009 | by John | published in News, Podcast, Reverse Mortgage
Reverse Fortunes Weekly Podcast: Episode #66 The nation’s only weekly podcast for reverse mortgage professionals! This week: The reverse world is about to change. What’s your plan? Top stories: Appraisal restrictions? Critics & Coaches WSJ highlights fraud HECM version 2.0? Listen Now! Want to listen but not a free member? Sign up! Technorati Tags: Reverse [...]
August 28th, 2009 | by John | published in GNMA, News, Reverse Mortgage
Ginnie Mae announced that it will be providing direct access to data disclosure information for the purpose of improving the transparency of Ginnie Mae mortgage-backed securities (MBS). Ginnie Mae’s disclosure webpage includes data on newly issued pools and pool level statistics. In addition, a new search engine will allow users to obtain monthly disclosure data [...]
August 28th, 2009 | by John | published in News, Reverse Mortgage, Training
Just a quick reminder that Monte Rose will be providing another free reverse mortgage training session to RMD readers on Wed September 2 at 12pm (EST). Monte will show you how to reach your referral partners using a webinar so you can connect with all of them at one time. In the September training session, [...]
August 28th, 2009 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Just a few new jobs from Reverse Mortgage Jobs Online: Reverse Mortgage Specialist (Denver) Financial Freedom Senior Funding Corporation Reverse Mortgage Specialist (Brockton) Financial Freedom Senior Funding Corporation Housing Counselor (HECM certificate required) (Boston Area) American Consumer Credit Counseling Reverse Mortgage Originator – Virtual Banker (Nationwide) Allied Mortgage dba Reverse Ultra Reverse Mortgage Specialist (Florida) AAXA Mortgage [...]
