July 19th, 2007 | by admin | published in Countrywide, Jumbo Products, Products, Reverse Mortgage
Countrywide recently updated their Simple Equity product to give borrowers two margin options for their jumbo reverse mortgage. Back in April I posted on the details of the Simple Equity program which then only featured a margin of 3.50%. Now, the program also gives the borrowers the choice of the same product but with a margin of 2.10%. […]
May 14th, 2007 | by admin | published in Countrywide, Products
“Countrywide aims to dominate the reverse mortgage industry.”Steve Boland
Countrywide Managing Director for Reverse Mortgages
It’s official, Countrywide has released their reverse mortgage program nationwide. While they have been offering reverse mortgages to their approved brokers since early April, this is the first press release that officially announces the arrival. The press release focuses on their Simple Equity™ […]
April 9th, 2007 | by admin | published in Countrywide, Products
I received some information from Countrywide regarding there reverse mortgage product offering over the weekend. At the moment they are offering the HECM annual and semi-annual (both based off the HECM 100) as well as their Simple Equity™ program which is their proprietary jumbo product. Below are more details of the Simple Equity™ program.
Eligible Homes […]
John R. Yedinak is a licensed Loan Originator and works for Vacation Finance An Illinois Residential Mortgage Licensee.
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