July 22nd, 2008 | by John | published in Gov. Updates, NRMLA, News, Reverse Mortgage
Yesterday NRMLA announced that the housing bill which includes the HECM amendments will be brought to the House floor for yet another vote that is currently scheduled for Wednesday, July 23.
The Senate recently passed a version of H.R. 3221 late on Friday, July 11, and sent it over to the House for its […]
July 22nd, 2008 | by John | published in Reverse Mortgage, Reverse Mortgage Jobs
Here are a few of the latest jobs posted on our new job board!
Reverse Mortgage Consultant (Baltimore) Fidelis Mortgage
Account Manager (Dallas) All Reverse Transactions
Reverse Mortgage Originator (Indianapolis) Ace Mortgage Funding
Reverse Mortgage Specialist (St. Louis) MetLife
Are you looking to hire experienced reverse mortgage professionals? Post your jobs to Reverse Mortgage Jobs Online to reach over 2000 […]
July 22nd, 2008 | by John | published in News, Rates, Reverse Mortgage
This week, because of the floor used in finding Principal Limit Factors (PLF’s), all Treasury-based HECM’s with a margin of +158 or less will give the same maximum PLF’s as will all LIBOR-based HECM’s with margins of +91 or less. Using these margins, the initial note rate on a LIBOR HECM will be 42 bp […]
John R. Yedinak is a licensed Loan Originator and works for Vacation Finance An Illinois Residential Mortgage Licensee.
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