Ouch baby, nothing like the metal chair over the back! It seems like the market has a sleeper hold on the parent company of Financial Freedom, IndyMac Bank posted a loss of $184.2 million, or $2.27 per share, for the quarter ended March 31. In the same period last year, it earned $52.4 million, […]

Last week lenders offering CMT based HECMs either adjusted their pricing or released new higher margin products… why? The last company buying CMT product, Fannie Mae, just pulled back on their pricing. I’ve been told by several people that their previous pricing was almost too good to be true, and is most likely […]

Have you ever been invited to two weddings on the same weekend? How do you pick? Who serves the better food? The better booze? Who do you love more, baby?
The 2008 conference schedules are out and NRMLA’s Spring Conference (east) and the MBA’s Reverse Mortgage Conference are during the same week.  Better get ready for […]