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Gov. Updates

AARP & Financial Services Industry Duel Over Housing Bill

July 10th, 2008  |  by John  |  published in Gov. Updates, NRMLA, News, Reverse Mortgage

The Hill is reporting that the financial services industry is dueling with AARP over language in the Senate housing bill that would affect the reverse mortgage and insurance business.  The bill would prevent providers of reverse mortgages from selling borrowers another investment from the proceeds of the loan.  Reverse mortgage and insurance providers argue […]


Reverse Mortgage Originators, Do You Want Higher HECM Loan Limits?

June 24th, 2008  |  by John  |  published in Gov. Updates, NRMLA, News, Reverse Mortgage

Today NRMLA sent out an urgent notice to all members about a major housing bill that includes important amendments to the HECM program, including establishing a single national loan limit, which is about to be brought to the Senate floor for consideration. It appears that this bill might raise the maximum FHA loan limit […]


HUD Issues Guidance on HECM Fixed Counseling

June 16th, 2008  |  by John  |  published in FHA, Gov. Updates, News, Reverse Mortgage

As the fixed rate HECM has become more popular, HUD recently decided to issue guidance on the product that will require HECM counselors to highlight the risks related to fixed rate HECMs to borrowers during a counseling session.  They want to make sure clients understand the following risks and considerations when opting for a […]


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John R. Yedinak is a licensed Loan Originator and works for Vacation Finance An Illinois Residential Mortgage Licensee. View John R. Yedinak's profile on LinkedIn





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