Reverse Mortgage Daily
  • Home
  • About
  • Wholesale Lenders
  • Jobs
  • Awards
  • Advertise
  • Events
  • Contact
  • Data
  • Categories
    • Alternatives
      • EquityKey
      • REX
    • Commentary
    • Counseling
    • Events
    • FHA
    • GNMA
    • Gov. Updates
    • International
    • Jumbo Products
    • Leads
    • Legislation
    • Lenders
    • Marketing
    • MBA Reverse
    • News
    • NRMLA
    • Podcast
    • Products
      • 1st Reverse
      • Bank of America
      • Countrywide
      • Financial Freedom
      • Generation Mortgage
      • Gold Reverse
      • Golden Gateway
      • Guardian First
      • HECM
      • JB Nutter
      • Liberty Reverse
      • LLS
      • MetLife
      • Quicken
      • Reverseit
      • Seattle Mortgage
      • Security One
      • Sun West
      • Virtual Bank
      • Wells Fargo
    • Rates
    • Reverse Mortgage
    • Reverse Mortgage Jobs
    • Senior Housing
    • Servicers
      • Celink
      • RMS
    • Technology
      • Bay Docs
      • Mortgage Cadence
      • Reverse Vision
    • Top HECM Lenders
    • Training
    • Warehouse Lines
  • RSS


Bank of America

Fannie Mae Warehouse Lending Program, What Does it Mean for Reverse Mortgages?

October 12th, 2009  |  by John  |  published in Bank of America, FHA, News, Reverse Mortgage

The Wall Street Journal reported last week that both government controlled Fannie Mae and Freddie Mac are working on a program to support the extension of warehouse lending to small mortgage lenders.
A source familiar with the plan told HousingWire that:
Sign up to receive free updates like this by email or subscribe by RSS [...]


Top Wholesale Reverse Mortgage Lenders, Genworth’s Business Booming

October 8th, 2009  |  by John  |  published in Bank of America, Financial Freedom, Generation Mortgage, JB Nutter, MetLife, News, Reverse Mortgage, Top HECM Lenders

Wholesale reverse mortgage volume faired better than the retail side of the business in August.  According to data from RM Insight, wholesale volume was down 2.7% compared to retail endorsement volume being down 17% in August.
The most interesting aspect of the data is seeing how much Genworth’s wholesale business picked up.  If you look [...]


Financial Freedom Discontinues Fixed Rate Reverse Mortgage in Illinois

October 1st, 2009  |  by John  |  published in Bank of America, Financial Freedom, News, Reverse Mortgage, Reverseit

Financial Freedom announced that it’s discontinuing the HECM fixed rate product in the state of Illinois, effective immediately said the company statement.
The statement read that:


Bank America Suspends Fixed Rate Reverse Mortgage Product in Illinois

September 21st, 2009  |  by John  |  published in Bank of America, FHA, News, Reverse Mortgage

Bank of America announced that it’s suspending the origination of the fixed rate HECM product in Illinois.  According to the company’s statement, they have reviewed its current policies and procedures as they relate to a law unique to the state of Illinois called the Illinois High Risk Home Loan Act (HRHLA). 
HRHLA applies to [...]


Bank of America Releases Reverse Mortgage Clarity Commitment

September 17th, 2009  |  by John  |  published in Bank of America, FHA, Lenders, News, Reverse Mortgage

Bank of America rolled out its Clarity Commitment in April, but it added its reverse mortgage Clarity Commitment last week for its fixed rate reverse mortgage product.
The Clarity Commitment is a one-page loan summary which presents borrowers with their interest rate, terms and other details of the loan in plain language says the company [...]


OIG: Bank of America Reverse Mortgage Servicing Operation Out of Compliance

August 26th, 2009  |  by John  |  published in Bank of America, News, Reverse Mortgage

The Office of the Inspector General for the U. S. Department of Housing and Urban Development’s (HUD) reviewed Bank of America’s home equity conversion mortgage (HECM) servicing division in Seattle, Washington and found that the servicer did not comply with two HUD requirements in its administration of HECM loans.
According to the report, Bank of [...]


Reverse Mortgage: Now It’s Part of Retirement Says Bank of America Executive

August 13th, 2009  |  by John  |  published in Bank of America, News, Reverse Mortgage

Over the weekend the Connecticut Post published an article about how one 64 year old woman who decided to use a reverse mortgage to manage her her escalating property taxes and mortgage payment and couldn’t be happier with the results.
Lewis borrowed about $230,000, a portion of which went toward paying off her mortgage and [...]


« Previous Entries
Next Entries »


Wholesale Lender Sponsors




Sponsors




Reverse Mortgage Daily on Facebook



Categories

  • 1st Reverse
  • Alternatives
  • Bank of America
  • Bay Docs
  • Celink
  • Commentary
  • Counseling
  • Countrywide
  • EquityKey
  • Events
  • FHA
  • Financial Freedom
  • Generation Mortgage
  • GNMA
  • Gold Reverse
  • Golden Gateway
  • Gov. Updates
  • Guardian First
  • HECM
  • International
  • JB Nutter
  • Jumbo Products
  • Leads
  • Legislation
  • Lenders
  • Liberty Reverse
  • LLS
  • Marketing
  • MBA Reverse
  • MetLife
  • Mortgage Cadence
  • News
  • NRMLA
  • Podcast
  • Products
  • Quicken
  • Rates
  • Reverse Mortgage
  • Reverse Mortgage Jobs
  • Reverse Vision
  • Reverseit
  • REX
  • RMS
  • Seattle Mortgage
  • Security One
  • Senior Housing
  • Servicers
  • Sun West
  • Technology
  • Top HECM Lenders
  • Training
  • Virtual Bank
  • Warehouse Lines
  • Wells Fargo



RSS Reverse Mortgage Jobs

  • Reverse Originator
  • Reverse Mortgage Loan Officer
  • Reverse Mortgage Specialist
  • Reverse Mortgage Specialist
  • Reverse Mortgage Specialist
  • Reverse Mortgage Loan Officers

RSS Reverse Mortgage Events

  • Free webinar: HECM purchase: growing your business
  • Free webinar: HECM purchase/ growing your business
  • Free webinar: Less stress & more loans...
  • Free webinar: Less stress & more loans...
  • Free webinar: Less stress & more loans...

©2010 Reverse Mortgage Daily
Powered by WordPress using the Gridline Lite theme by Graph Paper Press.