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Archive for May, 2011

Reverse Mortgage Lenders are Building Sales Teams with New Hires

May 26th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

Many reverse mortgage companies are growing their origination and sales teams as the industry continues to change. If you are seeking an employer that provides reverse mortgage leads or if you’re an experienced originator, check out the following job opportunities. Reverse Mortgage Professional (Alameda County, Calif.) Generation Mortgage Reverse Mortgage Professional (Los Angeles) Generation Mortgage Reverse Mortgage [...]


CFPB Creates Office to Help Seniors Avoid Unfair and Deceptive Practices

May 26th, 2011  |  by John  |  published in News, Reverse Mortgage

With May being Older American’s month, the Consumer Financial Protection Bureau said it would help to guide seniors through unique financial opportunities and challenges. “Many older Americans live on fixed incomes with limited savings to cover unexpected medical or other expenses,” said the agency on its website. “People need access to reliable and relevant information [...]


Home Prices See Greatest Dip Since Q1 2008

May 26th, 2011  |  by Alyssa  |  published in News, Reverse Mortgage

Housing prices saw their largest quarterly decline since the fourth quarter of 2008 in the first quarter of this year, says the latest data from the Federal Housing Finance Agency. Prices continue to fall, as evidenced by a 2.5% dip in FHFA’s first quarter seasonally adjusted purchase-only Home Prices Index. In the span of one year, [...]


Reverse Mortgage Call Centers Gain Steam, Move Away From Kitchen Table

May 25th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

Even through the reverse mortgage industry was built on a sales model that involves sitting with borrowers around a kitchen table to explain the reverse mortgage process, several lenders have developed a different model that thrives on process and technology to educate consumers. The reverse mortgage call center has gained popularity as an effective model [...]


GOP vs. Warren: Hearing Turns Ugly

May 25th, 2011  |  by Elizabeth  |  published in News, Reverse Mortgage

In a heated back and forth exchange between Prof. Elizabeth Warren and Rep. Patrick McHenry (R-N.C.) during a House subcommittee hearing Tuesday, Rep. McHenry was pointed out as having accused Prof. Warren of lying. (See video below.) In referring to the scheduling of the hearing and a delay in allowing Warren to step down from [...]


Ginnie Mae HMBS Issuance Surpasses $1 Billion in April

May 25th, 2011  |  by Elizabeth  |  published in GNMA, News, Reverse Mortgage

Ginnie Mae issuance for HECM loans surpassed the $1 billion mark in April. At $1.029 billion, HMBS issuance saw a 9% increase over March issuance of $940 million. Historically, HMBS issuance has risen each month in 2011. Total Ginnie Mae issuance of mortgage-backed securities during the month totaled more than $26.4 billion, up from $24.1 billion [...]


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