October 26th, 2009 | by John | published in News, Podcast, Reverse Mortgage
Reverse Fortunes Weekly: New podcast Why you’re losing sales unless you show your clients in writing how a reverse mortgage improves their cash flow and cash reserves. To listen login or become a free member to listen to past & current episodes. Also in this episode: Bank of America brings back fixed loan to Illinois [...]
October 23rd, 2009 | by John | published in FHA, News, Reverse Mortgage
A copy of the long awaited RESPA FAQ has been posted to HUD’s website and includes 12 questions pertaining to how the new GFE should be filled out for the HECM program. The questions listed mostly cover topics regarding principal limits and monthly payments. For example:
October 23rd, 2009 | by John | published in FHA, Generation Mortgage, News, Reverse Mortgage
The US Department of Housing and Urban Development announced it’s delaying the implementation of FHA’s new policy guidance for condo project approval and condo unit financing until December 7th 2009. The new guidance is expected to be issued in the next two weeks and will:
October 23rd, 2009 | by John | published in FHA, News, Reverse Mortgage
The Department of Housing and Urban Development’s (HUD) Mortgagee Review Board issued a notice of violation against Ideal Mortgage Bankers, parent company of Lend America and Lending Key. HUD notified the company Tuesday that it uncovered numerous violations of the Federal Housing Administration’s (FHA) origination and underwriting requirements, including submitting false certifications and failing to [...]
October 23rd, 2009 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Reverse mortgage companies are still 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 [...]
October 22nd, 2009 | by John | published in Counseling, FHA, News, Reverse Mortgage
Last week the U.S. Housing and Urban Development awarded $60 million in housing counseling and training grants and $8 million of it will go towards HECM counseling. While $8 million is surely no small amount, it’s nowhere near the amount needed in order to adequately fund HECM counseling. For arguments sake, lets say that each [...]
