Comments on: Financial Freedom Raises Correspondent Net Worth Requirements, More to Follow? http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Travis De Renzo http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-38840 Travis De Renzo Mon, 07 Dec 2009 22:14:00 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-38840 I do not believe that FHA's goal is to make Correspondent requirements "less difficult".rnrnI believe that the purpose for eliminating Correspondent approval was simply to mitigate loss and to create better ACCOUNTABILITY; a concept in which I am a strong supporter of.rnrnI applaud Financial Freedom for taking the lead that HUD has exemplified.rnrnHowever, I understand that Lenders have been responsible for the practices of their Correspondent Brokers for years, is this really new?rnrnTravis De Renzornwww.HECM.net I do not believe that FHA’s goal is to make Correspondent requirements “less difficult”.rnrnI believe that the purpose for eliminating Correspondent approval was simply to mitigate loss and to create better ACCOUNTABILITY; a concept in which I am a strong supporter of.rnrnI applaud Financial Freedom for taking the lead that HUD has exemplified.rnrnHowever, I understand that Lenders have been responsible for the practices of their Correspondent Brokers for years, is this really new?rnrnTravis De Renzornwww.HECM.net

]]> By: Anonymous http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-38841 Anonymous Mon, 07 Dec 2009 20:30:00 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-38841 HECM_Dude,rnrnSo no one from your firm went? That is the one convention, I would find a way to attend even if I had to stay at a cheaper hotel!! HECM_Dude,rnrnSo no one from your firm went? That is the one convention, I would find a way to attend even if I had to stay at a cheaper hotel!!

]]> By: Travis De Renzo http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-34945 Travis De Renzo Mon, 07 Dec 2009 20:14:21 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-34945 I do not believe that FHA's goal is to make Correspondent requirements "less difficult".<br><br>I believe that the purpose for eliminating Correspondent approval was simply to mitigate loss and to create better ACCOUNTABILITY; a concept in which I am a strong supporter of.<br><br>I applaud Financial Freedom for taking the lead that HUD has exemplified.<br><br>However, I understand that Lenders have been responsible for the practices of their Correspondent Brokers for years, is this really new?<br><br>Travis De Renzo<br><a href="http://www.HECM.net" rel="nofollow">www.HECM.net</a> I do not believe that FHA's goal is to make Correspondent requirements “less difficult”.

I believe that the purpose for eliminating Correspondent approval was simply to mitigate loss and to create better ACCOUNTABILITY; a concept in which I am a strong supporter of.

I applaud Financial Freedom for taking the lead that HUD has exemplified.

However, I understand that Lenders have been responsible for the practices of their Correspondent Brokers for years, is this really new?

Travis De Renzo
http://www.HECM.net

]]> By: Guest http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-38842 Guest Mon, 07 Dec 2009 19:08:00 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-38842 We didn't register for the NRMLA conference this year. We couldn't fit the cost into our budget. We didn’t register for the NRMLA conference this year. We couldn’t fit the cost into our budget.

]]> By: Anonymous http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-38843 Anonymous Mon, 07 Dec 2009 18:46:00 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-38843 Limiting competition is always bad for consumers. Senior homeowners need choice of product, price and service. Lenders can and will survive that discount fees if they have a business model structure based on that, consumers need that option, and lenders can do it with strong and caring service (it's happening now). Limiting competition is always bad for consumers. Senior homeowners need choice of product, price and service. Lenders can and will survive that discount fees if they have a business model structure based on that, consumers need that option, and lenders can do it with strong and caring service (it’s happening now).

]]> By: The_Critic http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-34937 The_Critic Mon, 07 Dec 2009 18:30:21 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-34937 HECM_Dude,<br><br>So no one from your firm went? That is the one convention, I would find a way to attend even if I had to stay at a cheaper hotel!! HECM_Dude,

So no one from your firm went? That is the one convention, I would find a way to attend even if I had to stay at a cheaper hotel!!

]]> By: HECM_Dude http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-34934 HECM_Dude Mon, 07 Dec 2009 17:08:45 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-34934 We didn't register for the NRMLA conference this year. We couldn't fit the cost into our budget. We didn't register for the NRMLA conference this year. We couldn't fit the cost into our budget.

]]> By: lancejackson http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/comment-page-1/#comment-34932 lancejackson Mon, 07 Dec 2009 16:46:15 +0000 http://reversemortgagedaily.com/2009/12/04/financial-freedom-raises-correspondent-net-worth-requirements-more-to-follow/#comment-34932 Limiting competition is always bad for consumers. Senior homeowners need choice of product, price and service. Lenders can and will survive that discount fees if they have a business model structure based on that, consumers need that option, and lenders can do it with strong and caring service (it's happening now). Limiting competition is always bad for consumers. Senior homeowners need choice of product, price and service. Lenders can and will survive that discount fees if they have a business model structure based on that, consumers need that option, and lenders can do it with strong and caring service (it's happening now).

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