March 16th, 2008 |
by admin |
published in
Financial Freedom, Jumbo RM Products, News, Reverse Mortgage
Late last week Financial Freedom announced that they were discontinuing their LIBOR 75 and 85 HECM products. According to the announcement, the elimination of the product stems from the latest liquidity problems in the secondary market which has widened spreads on Agency MBS in the past week.
If you’re confused as to why we are […]
February 20th, 2008 |
by admin |
published in
Financial Freedom, Jumbo RM Products, News, RM Products, Reverse Mortgage
Last week Financial Freedom announced some changes to their Cash Account program. According to the announcement that was forwarded on to me, the adjustments are due to the ongoing disruption that the credit markets are experiencing. The changes include the following:
Maximum Principal Limit must not exceed $2 Million
Maximum LTV must has been lowered
Manufactured homes are […]
February 6th, 2008 |
by admin |
published in
1st Reverse, Jumbo RM Products, News, RM Products, Reverse Mortgage
1st Reverse Financial Services, LLC (1st Reverse), a subsidiary of Family Federal Savings of Illinois, recently announced enhancements to their Fixed4Life-XLTM and FLEX-XLTM proprietary products. The jumbo products are exclusively available through 1st Reverse’s Wholesale Correspondent Lending Program.
I originally covered the products in August of last year, but the latest enhancements make the products […]
