Comments on: HUD Acts to Permanently Withdraw Reverse Mortgage Lender’s FHA Approval http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/ Reverse Mortgage News and Information Mon, 13 Feb 2012 00:19:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/comment-page-1/#comment-38365 Anonymous Mon, 02 Nov 2009 20:00:00 +0000 http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/#comment-38365 What's sad is that no one did anything about this company when it was doing business like this. And if you look closely, it was a NRMLA member for years! Unfortunately, there will always be unscrupulous business people out there...but, we have to try and encourage our clients and fellow reverse mortgage LO's to speak out when they hear of acts like these. And hope that organizations like NRMLA and the DCCA will listen and take action.... What’s sad is that no one did anything about this company when it was doing business like this. And if you look closely, it was a NRMLA member for years! Unfortunately, there will always be unscrupulous business people out there…but, we have to try and encourage our clients and fellow reverse mortgage LO’s to speak out when they hear of acts like these. And hope that organizations like NRMLA and the DCCA will listen and take action….

]]> By: rmhonolulu http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/comment-page-1/#comment-34505 rmhonolulu Mon, 02 Nov 2009 18:00:54 +0000 http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/#comment-34505 What's sad is that no one did anything about this company when it was doing business like this. And if you look closely, it was a NRMLA member for years! Unfortunately, there will always be unscrupulous business people out there...but, we have to try and encourage our clients and fellow reverse mortgage LO's to speak out when they hear of acts like these. And hope that organizations like NRMLA and the DCCA will listen and take action.... What's sad is that no one did anything about this company when it was doing business like this. And if you look closely, it was a NRMLA member for years! Unfortunately, there will always be unscrupulous business people out there…but, we have to try and encourage our clients and fellow reverse mortgage LO's to speak out when they hear of acts like these. And hope that organizations like NRMLA and the DCCA will listen and take action….

]]> By: Guest http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/comment-page-1/#comment-38366 Guest Mon, 02 Nov 2009 17:54:00 +0000 http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/#comment-38366 Perhaps those NRMLA members who still are engaged in illegal cross-selling now will understand that HUD means business. Perhaps those NRMLA members who still are engaged in illegal cross-selling now will understand that HUD means business.

]]> By: HECM_Dude http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/comment-page-1/#comment-34498 HECM_Dude Mon, 02 Nov 2009 15:54:08 +0000 http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/#comment-34498 Perhaps those NRMLA members who still are engaged in illegal cross-selling now will understand that HUD means business. Perhaps those NRMLA members who still are engaged in illegal cross-selling now will understand that HUD means business.

]]> By: Peter Bell http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/comment-page-1/#comment-34484 Peter Bell Sun, 01 Nov 2009 13:00:07 +0000 http://reversemortgagedaily.com/2009/10/30/hud-acts-to-permanently-withdraw-reverse-mortgage-lenders-fha-approval/#comment-34484 Unfortunately, this is the type of story that gets picked up repeatedly by the press and gives our critics credability. I am glad to see that this firm was really a small player, having only 14 HECMs endorsed in 2009, and that they are not a NRMLA member.<br><br>Other companies that might tolerate similar inappropriate cross-selling activities should be forewarned, HUD is taking a more aggressive stance to weed out the bad players from its programs. Unfortunately, this is the type of story that gets picked up repeatedly by the press and gives our critics credability. I am glad to see that this firm was really a small player, having only 14 HECMs endorsed in 2009, and that they are not a NRMLA member.

Other companies that might tolerate similar inappropriate cross-selling activities should be forewarned, HUD is taking a more aggressive stance to weed out the bad players from its programs.

]]>