Comments on: HUD Will Ask Congress to Raise Cap on Insurance Premiums for FHA Loans http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/ 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/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-39403 Anonymous Mon, 07 Dec 2009 14:57:00 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-39403 You, Critic, are a most erudite man (woman?) of letters; obviously a person possessing a well education mind. Mr. Peter (...) (......) Bell, or any of his cabal, are not high on my list of people to meet. I wish to spend the last of my days helping real Seniors get through life during their final challenging years with the help of an FHA HECM. By the way, It astonishes me that as talented, smart and knowleable as you are, you feel the need to hide your identity behind an alias . You are a very remarkable man (woman?) You should have been a lawyer (and may well be!) Remember that great Western love story: I believe it was Mr Newman (Butch Cassidy) who said "Who are those guys anyway?") You, Critic, are a most erudite man (woman?) of letters; obviously a person possessing a well education mind. Mr. Peter (…) (……) Bell, or any of his cabal, are not high on my list of people to meet. I wish to spend the last of my days helping real Seniors get through life during their final challenging years with the help of an FHA HECM. By the way, It astonishes me that as talented, smart and knowleable as you are, you feel the need to hide your identity behind an alias . You are a very remarkable man (woman?) You should have been a lawyer (and may well be!) Remember that great Western love story: I believe it was Mr Newman (Butch Cassidy) who said “Who are those guys anyway?”)

]]> By: jamesanelson http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34930 jamesanelson Mon, 07 Dec 2009 12:57:34 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34930 You, Critic, are a most erudite man (woman?) of letters; obviously a person possessing a well education mind. Mr. Peter (...) (......) Bell, or any of his cabal, are not high on my list of people to meet. I wish to spend the last of my days helping real Seniors get through life during their final challenging years with the help of an FHA HECM. By the way, It astonishes me that as talented, smart and knowleable as you are, you feel the need to hide your identity behind an alias . You are a very remarkable man (woman?) You should have been a lawyer (and may well be!) Remember that great Western love story: I believe it was Mr Newman (Butch Cassidy) who said "Who are those guys anyway?") You, Critic, are a most erudite man (woman?) of letters; obviously a person possessing a well education mind. Mr. Peter (…) (……) Bell, or any of his cabal, are not high on my list of people to meet. I wish to spend the last of my days helping real Seniors get through life during their final challenging years with the help of an FHA HECM. By the way, It astonishes me that as talented, smart and knowleable as you are, you feel the need to hide your identity behind an alias . You are a very remarkable man (woman?) You should have been a lawyer (and may well be!) Remember that great Western love story: I believe it was Mr Newman (Butch Cassidy) who said “Who are those guys anyway?”)

]]> By: The_Critic http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34927 The_Critic Mon, 07 Dec 2009 03:56:14 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34927 James,<br><br>You may never become close friends but it would be worth your time to meet Peter. I have heard Peter speak at Conventions and do not always agree with him; however, I know he works hard at representing us and does so well.<br><br>While there are things I wish NRMLA was doing or doing differently, despite its limited staff and budget it does a great job. NRMLA does a lot more than lobbying activities. It works with HUD and other government entities, investigate poor marketing, monitors media reports on the industry, follows state and federal legislation, and much more. Even if there was no need for lobbying, there would still be the need for someone to do what Peter does.<br><br>Until the situation in Washington is as you believe it should be, we need Peter to do what he is doing. We also need to support NRMLA even when we do not agree with everything it does or is not doing. James,

You may never become close friends but it would be worth your time to meet Peter. I have heard Peter speak at Conventions and do not always agree with him; however, I know he works hard at representing us and does so well.

While there are things I wish NRMLA was doing or doing differently, despite its limited staff and budget it does a great job. NRMLA does a lot more than lobbying activities. It works with HUD and other government entities, investigate poor marketing, monitors media reports on the industry, follows state and federal legislation, and much more. Even if there was no need for lobbying, there would still be the need for someone to do what Peter does.

Until the situation in Washington is as you believe it should be, we need Peter to do what he is doing. We also need to support NRMLA even when we do not agree with everything it does or is not doing.

]]> By: jamesanelson http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34925 jamesanelson Sun, 06 Dec 2009 19:45:04 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34925 Believe me, Critic, it isn't jealousy: it's distain for him and all of his ilk. For this Country to return to its World prominance (instead of being the World's Greatest Debtor Nation), there should be Taxpayer Funded National Elections (and Campaigns obviously), Congressional Term Limits, and the banning of Paid Lobbists within five hundred miles of Washington, D.C. I've never met a Washington D.C. Lobbyist who didn't look down his nose at all those Yokels "out there" in the rest of the Country. I repeat has Mr. Peter (...) (......) Bell ever originated an FHA HECM himself? Please tell me the great reverse mortgage industry lobbyist has; After all he is the guy who is who is supposed to know more about them than anyone else, right? Believe me, Critic, it isn't jealousy: it's distain for him and all of his ilk. For this Country to return to its World prominance (instead of being the World's Greatest Debtor Nation), there should be Taxpayer Funded National Elections (and Campaigns obviously), Congressional Term Limits, and the banning of Paid Lobbists within five hundred miles of Washington, D.C. I've never met a Washington D.C. Lobbyist who didn't look down his nose at all those Yokels “out there” in the rest of the Country. I repeat has Mr. Peter (…) (……) Bell ever originated an FHA HECM himself? Please tell me the great reverse mortgage industry lobbyist has; After all he is the guy who is who is supposed to know more about them than anyone else, right?

]]> By: The_Critic http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34923 The_Critic Sun, 06 Dec 2009 17:09:02 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34923 jamesanelson,<br><br>I really do not understand your jealously over Peter Bell. He is in a difficult position and does a very good job for the industry. Is your firm a NRMLA member? Yeah NRMLA could do more but they are a small organization with a relatively small budget.<br><br>As to AARP, it is a collection of organizations. There have been times when one segment of AARP has gone one direction, another segment in the opposite direction, and the rest unmoved. One example is the recent Minnesota reverse mortgage legislation. You may be right about their endorsement but who really knows if that would have made a dime's worth of difference in the case of Minnesota legislation. jamesanelson,

I really do not understand your jealously over Peter Bell. He is in a difficult position and does a very good job for the industry. Is your firm a NRMLA member? Yeah NRMLA could do more but they are a small organization with a relatively small budget.

As to AARP, it is a collection of organizations. There have been times when one segment of AARP has gone one direction, another segment in the opposite direction, and the rest unmoved. One example is the recent Minnesota reverse mortgage legislation. You may be right about their endorsement but who really knows if that would have made a dime's worth of difference in the case of Minnesota legislation.

]]> By: Admin http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34874 Admin Thu, 03 Dec 2009 14:13:55 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34874 Nothing has stated that FHA is planning to raise the HECM premiums. Nothing has stated that FHA is planning to raise the HECM premiums.

]]> By: jamesanelson http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34873 jamesanelson Thu, 03 Dec 2009 14:09:34 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34873 Where is the highly vaunted Peter (...) (......)Bell and his NRMLA in all of these Washington D.C. doings? Also, AARP--maybe it would be a good thing if AARP endorsed a Lender, then AARP would have real dog in the fight<br>and just might take a more positive stance in behalf of the FHA HECM. Where is the highly vaunted Peter (…) (……)Bell and his NRMLA in all of these Washington D.C. doings? Also, AARP–maybe it would be a good thing if AARP endorsed a Lender, then AARP would have real dog in the fight
and just might take a more positive stance in behalf of the FHA HECM.

]]> By: treverse http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/comment-page-1/#comment-34867 treverse Thu, 03 Dec 2009 12:42:58 +0000 http://reversemortgagedaily.com/2009/12/02/hud-will-ask-congress-to-raise-cap-on-insurance-premiums-for-fha-loans/#comment-34867 When is enough ..enough? <br><br>Talking about another haircut on top of the 10% already implemented, set asides for T&I, raising the MIP? <br><br>What will be left? This will become a niche market for the high value home areas leaving many seniors high & dry and many dedicated loan officers out of work.<br><br>I'm believe that FHA is focused only on the the big picture and that is the bottom line. I really believe our voices are fallinf on deaf ears. As the critic stated they see the next wave of foreclosures coming due to the low lending standards they are forced to accept. When is enough ..enough?

Talking about another haircut on top of the 10% already implemented, set asides for T&I, raising the MIP?

What will be left? This will become a niche market for the high value home areas leaving many seniors high & dry and many dedicated loan officers out of work.

I'm believe that FHA is focused only on the the big picture and that is the bottom line. I really believe our voices are fallinf on deaf ears. As the critic stated they see the next wave of foreclosures coming due to the low lending standards they are forced to accept.

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