Reverse mortgage companies are hiring, check out the latest jobs from Reverse Mortgage Jobs Online: Reverse Mortgage Specialist (East Brunswick) Village Home Mortgage Reverse Mortgage Originator (Miami Lakes) Mortgage Bankers of Florida Reverse Mortgage Originator (San Diego) Legacy Home Financing Reverse Mortgage Specialist (Nationwide) Financial Freedom Reverse Mortgage Specialist (South Carolina, Florida, Tennessee, Georgia)AAXA Mortgage [...]

Update – Higher loan limits passed House and Senate, read here. Appropriations committees in the House and Senate are proposing to extend temporary higher limits on the size of home mortgages Fannie Mae (FNM) and Freddie Mac (FRE) can buy or guarantee as part of a stopgap funding legislation that could pass Congress as soon [...]

Reverse mortgage counseling is an important part of the process and lenders and counselors would agree that it can be improved.  Despite HUD’s plan to eventually release new HECM counseling protocols, one issue that still needs to be addressed is the “suitability” issue which continues to be a concern from legislators. I came across Hunch [...]

Larry Tiffan is concerned. The reverse mortgage consultant from Scottsdale, Arizona wonders why the program he sees helping so many senior clients can be causing problems for its backers and drawing bitter attacks from public officials. Tiffan, who works under the aegis of Traditional Home Mortgage, says the math doesn’t add up. “If the average [...]

WSFS Financial, the parent company of Wilmington Savings Fund Society, FSB reported a breakeven net income for the third quarter and a loss per common share of $0.10. “We have made fundamental progress at improving our core franchise and earnings power, and while our results have stabilized in the third quarter, we continue to be [...]

Just a reminder that Reverse Fortunes is providing another free training session to RMD readers on how to effectively communicate the HECM for purchase program.  Join more than 150 other people who have already signed up for this session on Thursday, November 5 at 11pm PST. Reverse Fortunes will provide you with the tools to [...]