Comments on: Lender Subordinates Loan for Senior to Make Reverse Mortgage Work http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: rjbarbagallo http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/comment-page-1/#comment-34755 rjbarbagallo Tue, 24 Nov 2009 14:15:05 +0000 http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/#comment-34755 According to Meg Burns at the NRMLA convention last Wednesday, HUD will no longer accept these types of subordinations. According to Meg Burns at the NRMLA convention last Wednesday, HUD will no longer accept these types of subordinations.

]]> By: The_Cynic http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/comment-page-1/#comment-34744 The_Cynic Sun, 22 Nov 2009 22:50:49 +0000 http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/#comment-34744 How does new Mortgage Letter 2009-49 play into this? Obviously this was completed before the issuance of this ML Does this ML end all subordinations other than those specifically permitted? How does new Mortgage Letter 2009-49 play into this? Obviously this was completed before the issuance of this ML Does this ML end all subordinations other than those specifically permitted?

]]> By: The_Critic http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/comment-page-1/#comment-34741 The_Critic Sun, 22 Nov 2009 01:50:30 +0000 http://reversemortgagedaily.com/2009/11/20/lender-subordinates-loan-for-senior-to-make-reverse-mortgage-work/#comment-34741 Admin,<br><br>Can you interview Sarah Hulbert, a past NRMLA chairwoman? She is the real story here. Tom gets confused. <br><br>For example, there is no way the second stays a second on a HECM transaction. It would be forced to become a third.<br><br>It would be interesting to find out if any modifications to the second transpired before the HECM transaction closed. If not, does she believe they could have? And if so, to what extent.<br><br>Sarah's perspective on HECMs and subordinations would be most valuable. Admin,

Can you interview Sarah Hulbert, a past NRMLA chairwoman? She is the real story here. Tom gets confused.

For example, there is no way the second stays a second on a HECM transaction. It would be forced to become a third.

It would be interesting to find out if any modifications to the second transpired before the HECM transaction closed. If not, does she believe they could have? And if so, to what extent.

Sarah's perspective on HECMs and subordinations would be most valuable.

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