Comments on: FHA Announces Significant Policy Changes

By: Anonymous

Anonymous — Thu, 21 Jan 2010 22:51:00 +0000

This thread shows a change in perspective but not for the good. Wild negative speculation has the potential of becoming self-fulfilled prophecy. Smart opposers to the program will simply point to such speculation and declare that even we believe and expect that the program should be scaled back.

By: Anonymous

Anonymous — Thu, 21 Jan 2010 21:15:00 +0000

Only a true ivory-tower bureaucrat would advocate an increase in the up-front MIP for HECMs.rnrnOh, wait…

By: The_Critic

The_Critic — Thu, 21 Jan 2010 20:51:20 +0000

This thread shows a change in perspective but not for the good. Wild negative speculation has the potential of become self-fulfilling prophecy. Smart opposers to the program will simply point to such speculation and declare that even we believe and expect that the program should be scaled back.

By: The_Critic

The_Critic — Thu, 21 Jan 2010 20:51:20 +0000

By: REVGUYJIM

REVGUYJIM — Thu, 21 Jan 2010 19:15:15 +0000

Only a true ivory-tower bureaucrat would advocate an increase in the up-front MIP for HECMs.

Oh, wait…

By: Shannon Hicks

Shannon Hicks — Thu, 21 Jan 2010 12:29:53 +0000

I think a PLF reduction is more likely than an upfront MIP increase. We may see an increase in the monthly MIP though.

These are turbulent times for both our economy and GSEs.

By: ReverseGuy

ReverseGuy — Thu, 21 Jan 2010 10:46:20 +0000

Hold on to your hats, folks. I am positive that this is step one of many – of which the next which will be an increase in either the up-front or monthly MIP rates for reverse mortgages.

Of course I don' t have any hard knowledge on that – but the writing is on the wall.

By: 2545

2545 — Wed, 20 Jan 2010 22:34:17 +0000

“No changes were announced for FHA’s reverse mortgage product.”

Wow…that is great! Somewhat surprising given all the changes within our product over the past year. Hopefully its not a forewarning of things to come.