Comments on: HECM Program Not Subsidizing the Rest of FHA Says Analysts http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/ 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/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-39457 Anonymous Wed, 20 Jan 2010 20:54:00 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-39457 Just to tack on a note to my previous post: I did not expect MA to do what it did in voting a senate seat held by democrats for over 50 years into the hands of a Republican, but I cannot not be surprised because it was a special election when less people vote and people who do are most often regular voters and the most regular voters in the US are seniors and seniors vote their pocketbooks. Party euphoria does not elect; voters do. Just to tack on a note to my previous post: I did not expect MA to do what it did in voting a senate seat held by democrats for over 50 years into the hands of a Republican, but I cannot not be surprised because it was a special election when less people vote and people who do are most often regular voters and the most regular voters in the US are seniors and seniors vote their pocketbooks. Party euphoria does not elect; voters do.

]]> By: Louise321 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-35743 Louise321 Wed, 20 Jan 2010 18:54:40 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-35743 Just to tack on a note to my previous post: I did not expect MA to do what it did in voting a senate seat held by democrats for over 50 years into the hands of a Republican, but I cannot not be surprised because it was a special election when less people vote and people who do are most often regular voters and the most regular voters in the US are seniors and seniors vote their pocketbooks. Party euphoria does not elect; voters do. Just to tack on a note to my previous post: I did not expect MA to do what it did in voting a senate seat held by democrats for over 50 years into the hands of a Republican, but I cannot not be surprised because it was a special election when less people vote and people who do are most often regular voters and the most regular voters in the US are seniors and seniors vote their pocketbooks. Party euphoria does not elect; voters do.

]]> By: tishman http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-35659 tishman Thu, 14 Jan 2010 23:39:33 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-35659 The current customers are being penalized for the lower values. Lowering the PLF will only create less premium collected. The current customers homes will most likely increase in value over time, which will eventually make up for losses of RM's done in the past.<br>I support all of the above comments.<br><Ahref=”http://www.fhareversemortgagesofsouthflorida.com>reversemortgagessouthfloridaFHAhud</A> The current customers are being penalized for the lower values. Lowering the PLF will only create less premium collected. The current customers homes will most likely increase in value over time, which will eventually make up for losses of RM's done in the past.
I support all of the above comments.
<Ahref=”http://www.fhareversemortgagesofsouthflorida.com>reversemortgagessouthfloridaFHAhud

]]> By: Louise321 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-35653 Louise321 Thu, 14 Jan 2010 19:35:28 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-35653 I agree with Sam! We have to act in concert and make it clear to our elected officials that our seniors are being backed into a corner that, in some cases, can only be solved by a reverse mortgage. Now is not the time to lower the PLL further. There has to be better timing than to squeeze the senior population on Medicare, lower their Social Security benefits and then significantly reduce a source of cash they can receive through a reverse mortgage. Most of them are not spendthrifts. Their heating/cooling costs, fuel, and food costs are significantly increasing and their resources are decreasing. The government may be slow to see the results of the recent legislation, but those most affected, i.e. the senior population, are not. We need to make our politicians aware that party euphoria does not get them elected. And most seniors vote and vote their pocketbooks. I agree with Sam! We have to act in concert and make it clear to our elected officials that our seniors are being backed into a corner that, in some cases, can only be solved by a reverse mortgage. Now is not the time to lower the PLL further. There has to be better timing than to squeeze the senior population on Medicare, lower their Social Security benefits and then significantly reduce a source of cash they can receive through a reverse mortgage. Most of them are not spendthrifts. Their heating/cooling costs, fuel, and food costs are significantly increasing and their resources are decreasing. The government may be slow to see the results of the recent legislation, but those most affected, i.e. the senior population, are not. We need to make our politicians aware that party euphoria does not get them elected. And most seniors vote and vote their pocketbooks.

]]> By: sam collins http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-35650 sam collins Thu, 14 Jan 2010 13:11:13 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-35650 This report is important message and warning for us all to take pre-emptive efforts, by letting our elected officials know of the need for "not lowering" the PLL limits any further. Explain the current impact the October increase had on seniors and tell them about your success stories of how you have helped save seniors homes, taken them out of BK, foreclosure, and just plain released their financial stress. <br><br>Most of our elected officials have no idea just how important HECM's are to our senior population, unless we tell them! Once, they understand, you could see a complete shift in making sure the HECM plan stays viable and our seniors stay where they want to be; their homes! This report is important message and warning for us all to take pre-emptive efforts, by letting our elected officials know of the need for “not lowering” the PLL limits any further. Explain the current impact the October increase had on seniors and tell them about your success stories of how you have helped save seniors homes, taken them out of BK, foreclosure, and just plain released their financial stress.

Most of our elected officials have no idea just how important HECM's are to our senior population, unless we tell them! Once, they understand, you could see a complete shift in making sure the HECM plan stays viable and our seniors stay where they want to be; their homes!

]]> By: Inconceivable http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/comment-page-1/#comment-35648 Inconceivable Thu, 14 Jan 2010 12:18:00 +0000 http://reversemortgagedaily.com/2010/01/13/hecm-program-not-subsidizing-the-rest-of-fha-says-analysts/#comment-35648 This will most likely be the justification for yet another PLF reduction in 2010. Meg Burns warned of a future PLF at NRMLA's conference in San Diego last November. This will most likely be the justification for yet another PLF reduction in 2010. Meg Burns warned of a future PLF at NRMLA's conference in San Diego last November.

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