Comments on: HUD Implements HECM Counseling Roster and Testing Standards http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/ Reverse Mortgage News and Information Fri, 10 Feb 2012 19:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-38652 Anonymous Wed, 11 Nov 2009 18:53:00 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-38652 By the way I should have added, an honorable Veteran's Day to all you Vets out there. Let's all pray for those Military personnel in harms way today. By the way I should have added, an honorable Veteran’s Day to all you Vets out there. Let’s all pray for those Military personnel in harms way today.

]]> By: Anonymous http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-38653 Anonymous Wed, 11 Nov 2009 17:22:00 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-38653 While I would like to hope, revguyjim, that your loss was temporary, I suspect the financial situation of this particular Senior was not dire enough yet. While I always encourage many hestitant Seniors to put a FHA HECM in place to protect against the unknown at our age, this suggestion doesn'trnimpress most. Procrastination is forever a fault of too many. Perhaps if the counseling session drove away your client, for the time being you are better off. As far as AARP goes, I have often wondered why one of the "Big Boys" in this business didn't affiliate with them: Say Wells Fargo, Bank of America,rnor MetLife. Will be interesting to see if when and if that happens, Origination and other fees will go down based upon their volume. I've always wondered why one doesn't see RM ads in their publications: For the smaller Companies for sure it is a matter of cost; perhaps the AARP AdvertisingrnSales Department was discouraged from selling the Industry, pending an AARP affiliation. AARP for a long time was a "closed shop" when it came to advertising in their publications: As I've said before in this blog, it took a law suit from the cart folks at Electiric Mobility to open their media to other and all advertisers. I've often wondered how much money ARRP gets from their endorsed affiliate Companies. Being a "non-profit", surely that information is available somewhere.rn While I would like to hope, revguyjim, that your loss was temporary, I suspect the financial situation of this particular Senior was not dire enough yet. While I always encourage many hestitant Seniors to put a FHA HECM in place to protect against the unknown at our age, this suggestion doesn’trnimpress most. Procrastination is forever a fault of too many. Perhaps if the counseling session drove away your client, for the time being you are better off. As far as AARP goes, I have often wondered why one of the “Big Boys” in this business didn’t affiliate with them: Say Wells Fargo, Bank of America,rnor MetLife. Will be interesting to see if when and if that happens, Origination and other fees will go down based upon their volume. I’ve always wondered why one doesn’t see RM ads in their publications: For the smaller Companies for sure it is a matter of cost; perhaps the AARP AdvertisingrnSales Department was discouraged from selling the Industry, pending an AARP affiliation. AARP for a long time was a “closed shop” when it came to advertising in their publications: As I’ve said before in this blog, it took a law suit from the cart folks at Electiric Mobility to open their media to other and all advertisers. I’ve often wondered how much money ARRP gets from their endorsed affiliate Companies. Being a “non-profit”, surely that information is available somewhere.rn

]]> By: jamesanelson http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-34596 jamesanelson Wed, 11 Nov 2009 16:53:36 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-34596 By the way I should have added, an honorable Veteran's Day to all you Vets out there. Let's all pray for those Military personnel in harms way today. By the way I should have added, an honorable Veteran's Day to all you Vets out there. Let's all pray for those Military personnel in harms way today.

]]> By: jamesanelson http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-34593 jamesanelson Wed, 11 Nov 2009 15:22:05 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-34593 While I would like to hope, revguyjim, that your loss was temporary, I suspect the financial situation of this particular Senior was not dire enough yet. While I always encourage many hestitant Seniors to put a FHA HECM in place to protect against the unknown at our age, this suggestion doesn't<br>impress most. Procrastination is forever a fault of too many. Perhaps if the counseling session drove away your client, for the time being you are better off. As far as AARP goes, I have often wondered why one of the "Big Boys" in this business didn't affiliate with them: Say Wells Fargo, Bank of America,<br>or MetLife. Will be interesting to see if when and if that happens, Origination and other fees will go down based upon their volume. I've always wondered why one doesn't see RM ads in their publications: For the smaller Companies for sure it is a matter of cost; perhaps the AARP Advertising<br>Sales Department was discouraged from selling the Industry, pending an AARP affiliation. AARP for a long time was a "closed shop" when it came to advertising in their publications: As I've said before in this blog, it took a law suit from the cart folks at Electiric Mobility to open their media to other and all advertisers. I've often wondered how much money ARRP gets from their endorsed affiliate Companies. Being a "non-profit", surely that information is available somewhere. While I would like to hope, revguyjim, that your loss was temporary, I suspect the financial situation of this particular Senior was not dire enough yet. While I always encourage many hestitant Seniors to put a FHA HECM in place to protect against the unknown at our age, this suggestion doesn't
impress most. Procrastination is forever a fault of too many. Perhaps if the counseling session drove away your client, for the time being you are better off. As far as AARP goes, I have often wondered why one of the “Big Boys” in this business didn't affiliate with them: Say Wells Fargo, Bank of America,
or MetLife. Will be interesting to see if when and if that happens, Origination and other fees will go down based upon their volume. I've always wondered why one doesn't see RM ads in their publications: For the smaller Companies for sure it is a matter of cost; perhaps the AARP Advertising
Sales Department was discouraged from selling the Industry, pending an AARP affiliation. AARP for a long time was a “closed shop” when it came to advertising in their publications: As I've said before in this blog, it took a law suit from the cart folks at Electiric Mobility to open their media to other and all advertisers. I've often wondered how much money ARRP gets from their endorsed affiliate Companies. Being a “non-profit”, surely that information is available somewhere.

]]> By: Admin http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-38654 Admin Wed, 11 Nov 2009 15:14:00 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-38654 There have been rumors about this for a long time, they picked up again big time when AARP backed out of counseling but have since died down.rnrnI wouldn't be surprised if it happens soon. There have been rumors about this for a long time, they picked up again big time when AARP backed out of counseling but have since died down.rnrnI wouldn’t be surprised if it happens soon.

]]> By: Anonymous http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-38655 Anonymous Wed, 11 Nov 2009 15:05:00 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-38655 I personally heard a top execs with one of the big RM lenders say they would like to do a marketing affiliation with AARP and are in discussions...just like United Health Care and Delta Dental. I have clients who have bought auto insurance solely on the basis of an AARP endorsement. I personally heard a top execs with one of the big RM lenders say they would like to do a marketing affiliation with AARP and are in discussions…just like United Health Care and Delta Dental. I have clients who have bought auto insurance solely on the basis of an AARP endorsement.

]]> By: Anonymous http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-38656 Anonymous Wed, 11 Nov 2009 14:21:00 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-38656 I just lost my first HECM loan to the new counseling protocol. Borrower said counseling session was too long, too difficult and counselor asked too many questions, so borrower withdrew the loan. Hope this is only 'anecdotal.' I just lost my first HECM loan to the new counseling protocol. Borrower said counseling session was too long, too difficult and counselor asked too many questions, so borrower withdrew the loan. Hope this is only ‘anecdotal.’

]]> By: Admin http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/comment-page-1/#comment-34590 Admin Wed, 11 Nov 2009 13:14:38 +0000 http://reversemortgagedaily.com/2009/11/10/hud-implements-hecm-counseling-roster-and-testing-standards/#comment-34590 There have been rumors about this for a long time, they picked up again big time when AARP backed out of counseling but have since died down.<br><br>I wouldn't be surprised if it happens soon. There have been rumors about this for a long time, they picked up again big time when AARP backed out of counseling but have since died down.

I wouldn't be surprised if it happens soon.

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