January 22nd, 2010 | by John | published in News, Reverse Mortgage
Have you noticed it’s taking longer to close a HECM? From slow wholesale underwriting turn times to new compliance requirements in 2010, the costs of originating reverse mortgages continues to rise. Managing the cash flow of your business has never been more important and eCommission can help. Don’t let the unique reverse mortgage sales cycle [...]
January 22nd, 2010 | by John | published in News, Reverse Mortgage, Reverse Mortgage Jobs
Reverse mortgage companies are looking to expand, check out the latest jobs from Reverse Mortgage Jobs Online: Reverse Mortgage Loan Officer (Annandale/Norfolk Region) WSFS Reverse Mortgage Loan Officer (Baltimore, Harford, & Cecil County) WSFS Reverse Mortgage Loan Officer (Berks & Chester County, PA) WSFS Take your Reverse Mortgage business to the next level (California) FutureSafe Financial Take your [...]
January 21st, 2010 | by Jim | published in Commentary, News, Reverse Mortgage
Late last month Mr. Bob Greene stated: “I have often wondered why there is such an uproar … against using a portion of reverse mortgage proceeds to fund LTCi or an ILIT. These … can be valuable tools to assist in protecting ones estate and legacy.…. I was always under the impression that the goal [...]
January 21st, 2010 | by Reva | published in Legislation, News, Reverse Mortgage
Senator Chris Dodd (D-CT) and President Obama met face-to-face on Tuesday. Reports suggest that Dodd may drop the proposed Consumer Financial Protection Agency from the emerging Senate Financial Services Bill, in order to gain the support of some Republicans and centrist Democrats. One administration official said the President’s position in favor of the inclusion of [...]
January 21st, 2010 | by John | published in News, Reverse Mortgage
Reverse mortgage loan originator licensing information will be made publicly available through the Nationwide Mortgage Licensing System Consumer Access on January 25, 2010. According to the NMLS Resource Center, the website is being launched to bring greater transparency to the mortgage industry and to comply with provisions of the SAFE Act. Developed for consumers, the [...]
January 21st, 2010 | by Reva | published in GNMA, News, Reverse Mortgage
Ginnie Mae issued the first reverse mortgage real estate mortgage investment conduit (REMIC) composed of Bank of America reverse mortgage securitizations according to an offering circular supplement obtained by DealFlow Media last week. The REMIC is worth $130.9 Million, and consists entirely of HECM MBS, making it the first reverse mortgage REMIC. The REMIC is [...]
