Comments on: Virtual Bank Returns to Reverse Mortgage Business http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/ Reverse Mortgage News and Information Sat, 26 May 2012 06:42:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Anonymous http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-39042 Anonymous Wed, 10 Feb 2010 17:46:00 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-39042 Don't forget that Genworth is now paying more than 2% as well on their fixed HECM. Don’t forget that Genworth is now paying more than 2% as well on their fixed HECM.

]]> By: blue_pencil http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36182 blue_pencil Wed, 10 Feb 2010 15:46:34 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36182 Don't forget that Genworth is now paying more than 2% as well on their fixed HECM. Don't forget that Genworth is now paying more than 2% as well on their fixed HECM.

]]> By: jsmaldone http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36165 jsmaldone Tue, 09 Feb 2010 18:00:59 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36165 Congradulations Al. I wish you all the luck in the world my friend.<br><br>Take care,<br><br>John Smaldone Congradulations Al. I wish you all the luck in the world my friend.

Take care,

John Smaldone

]]> By: RMresearcher http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36164 RMresearcher Tue, 09 Feb 2010 17:58:02 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36164 I wouldn't think Ginnie would be able to or want to keep track of those who had Issuer approval with limitation. I suppose I could be incorrect. I wouldn't think Ginnie would be able to or want to keep track of those who had Issuer approval with limitation. I suppose I could be incorrect.

]]> By: reversemaniac http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36163 reversemaniac Tue, 09 Feb 2010 17:49:32 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36163 It is my understanding that Celink is "technically" approved as an HMBS Issuer, but they are limited to being an HMBS subservicer (Subcontract Servicer), and Participation Agent. In other words, they cannot be an "active" HMBS Issuer. It is my understanding that Celink is “technically” approved as an HMBS Issuer, but they are limited to being an HMBS subservicer (Subcontract Servicer), and Participation Agent. In other words, they cannot be an “active” HMBS Issuer.

]]> By: RMresearcher http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36162 RMresearcher Tue, 09 Feb 2010 17:33:49 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36162 Didn't GNMA recently approve Celink, the servicer, as an issuer? Didn't GNMA recently approve Celink, the servicer, as an issuer?

]]> By: reversemaniac http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36161 reversemaniac Tue, 09 Feb 2010 16:53:33 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36161 I don't think Ginnie Mae has approved an Issuer in over a year. While there are a lot of frustrated lenders that want to get involved in the HMBS program, I for one am glad that GNMA is taking it's time to get it right. I don't think Ginnie Mae has approved an Issuer in over a year. While there are a lot of frustrated lenders that want to get involved in the HMBS program, I for one am glad that GNMA is taking it's time to get it right.

]]> By: ReverseGuy http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/comment-page-1/#comment-36155 ReverseGuy Mon, 08 Feb 2010 19:49:04 +0000 http://reversemortgagedaily.com/2010/02/08/virtual-bank-returns-to-reverse-mortgage-business/#comment-36155 It will be interesting to see how this re-entry into the reverse marketplace plays out for them. <br><br>Seems a bit aggressive to jump in to the HMBS program that quickly...but no one ever accused Virtual Bank of not being aggressive with their business plans. It will be interesting to see how this re-entry into the reverse marketplace plays out for them.

Seems a bit aggressive to jump in to the HMBS program that quickly…but no one ever accused Virtual Bank of not being aggressive with their business plans.

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