August 29th, 2011 |
by Alyssa |
published in
News, Reverse Mortgage
With the launch of a new foreclosure prevention campaign, the Consumer Financial Protection Bureau (CFPB) continues to come into its own as it takes on consumer-related responsibilities. The campaign webpage offers step-by-step guidance to homeowners in danger of foreclosure, directing them to counseling agencies approved by the Department of Housing and Urban Development (HUD). Step Two [...]
August 29th, 2011 |
by Elizabeth |
published in
News, Reverse Mortgage, Wells Fargo
The effects of an uncertain housing market on mortgage employment are not yet fully known for 2012, but according to an industry job index, the second quarter saw a net loss, with hopes of hiring ahead. Some companies fared better than others. The quarterly Mortgage Employment Index tracked by MortgageDaily.com reported today that in spite [...]
August 29th, 2011 |
by Elizabeth |
published in
News, Podcast, Reverse Mortgage
Reverse Fortunes Weekly Podcast Episode #169 The latest podcast from Reverse Fortunes discusses the decision by the Department of Housing and Urban Development to extend current HECM loan limits through December 31 of this year. Hear from Shannon Hicks on the extension and what it means for reverse mortgages. Hicks also talks about a recent [...]
August 29th, 2011 |
by Alyssa |
published in
News, Reverse Mortgage
You can’t put a price on the emotional distress or anxiety a senior could experience when forced to leave familiar surroundings, so why not avoid this by getting a reverse mortgage? asks an Inman News article. Despite people citing high costs of originating a reverse mortgage as a reason not to get one, Inman counters [...]
August 28th, 2011 |
by Elizabeth |
published in
Bank of America, News, Reverse Mortgage, Wells Fargo
Many in the industry have lamented the loss of Wells Fargo and Bank of America from an educational and brand awareness standpoint, but the exits are driving new referral business to lenders who remain. Reports have shown larger lenders saw a boost in volume following the exits, it also appears that some much smaller originators are [...]
August 28th, 2011 |
by Elizabeth |
published in
FHA, News, Reverse Mortgage
A letter signed by eight members of Congress that urges the Department of Housing and Urban Development to allow co-ops under the HECM program has circulated among policymakers. Addressed to Housing Secretary Shawn Donovan, the letter stresses the high number of co-ops in the United States and the disadvantage seniors face by living in them [...]
