Sam Collins is providing Reverse Mortgage Daily readers with another free training session on how to turn all of the changes the industry has gone through into new opportunities for marketing reverse mortgages. The workshop will:

Existing home sales increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July according to the National Association of Realtors. Despite the increase, existing home sales remain 19 percent below the 5.10 million pace in August 2009. “The housing market is trying to recover [...]

Borrowers who are in the process of obtaining a reverse mortgage before the principal limit changes on October 4th, can choose the 2011 HECM Standard or the new HECM Saver according to the Department of Housing and Urban Development. Despite the annual insurance premium being increased to 1.25%, the lower rate floors for the Standard [...]

With Congress expected to consider a Continuing Resolution to fund government operations until it returns in November this week, the extension of higher loan limits for the Federal Housing Administration, Fannie Mae, and Freddie Mac remain up in the air. “These limits continue to be a key component of our economic recovery and should be [...]

Reverse Fortunes Weekly Podcast Episode #122 Principal Limits Mortgagee Letter Demystified To listen login or become a free member to listen to past & current episodes Talking Points: Walking away from mortgages Feds striving to “simplify” mortgage disclosures (like taxes?) Reverse mortgage lender facing class action suit Reverse Vision tool shows effects of new PLFs [...]

The Financial Stability Oversight Council announced it will hold its first meeting on October 1, 2010 at the US Treasury Department. The financial reform bill that President Obama signed into law established the council to provide comprehensive oversight over the stability of the nation’s financial system. The council is charged with identifying threats to the [...]