March 26th, 2010 | by John | published in GNMA, News, Reverse Mortgage
Ginnie Mae announced that it guaranteed more than $29.3 billion in mortgage-backed securities (MBS) in February. “It is clear to everyone in the secondary market that Ginnie Mae plays a crucial role in our broader efforts to get America’s housing market and economy on the path to recovery.” said Theodore Tozer, Ginnie Mae president. “Our [...]
March 26th, 2010 | by John | published in International, News, Reverse Mortgage
The Financial Chronicle is reporting that The National Housing Bank (NHB) is planning to seek tax exemption for its new reverse mortgage loan-enabled annuity (RMLEA) schemes from the finance ministry, a top official said. The NHB, the regulator for housing finance companies is also asking state governments to sponsor insurance schemes to expand RMLEA schemes [...]
March 25th, 2010 | by Neil | published in FHA, News, Reverse Mortgage
Reflecting the extreme sensitivity of the issue, explanations, retrenchments, and denials are being voiced in response to an RMD story earlier this week about HUD’s intent – or not – to foreclose on seniors whose properties have gone into “technical” or other default. “There will be some policy forthcoming on foreclosures and defaults, intended to [...]
March 25th, 2010 | by Reva | published in Legislation, News, Reverse Mortgage
In the most important news of the week, the Health Care Reform Bill passed the House of Representatives by a 219-212 vote after weeks of intense lobbying by the Democrats. President Barack Obama signed the bill, the most significant health care legislation since the Great Depression, into law on Tuesday. On the heels of the [...]
March 25th, 2010 | by John | published in GNMA, News, Reverse Mortgage
Interactive Data Corporation (IDC) announced that it’s providing daily independent evaluations for fixed rate reverse mortgage backed securities (HMBS) issued under the Government National Mortgage Association (GNMA) Home Equity Conversion Mortgage (HECM) program. A provider of financial market data and analytics, IDC is among the first data providers in the industry to offer daily evaluations [...]
March 25th, 2010 | by John | published in News, Reverse Mortgage, Training
Just a quick reminder that Reverse Mortgage Daily and Sam Collins are presenting another free training session on April 6, 2010 at 2:00 PM where Sam will provide tips for managing your leads. The “Filling the Funnel . . . Your Building Blocks to Success ” session will cover: How to sort out the leads [...]
