Reverse Mortgage Rates – August 25, 2008

Good news: This week, all Treasury-based HECM’s with a margin of +173 or less will pay the HECM maximum benefits. Ditto for LIBOR-based HECM’s with margins of +99 or less. Using these margins, the initial note rate on a LIBOR HECM will be 39 bp less than that on a Treasury HECM.

Ibis software handles many different indices. The rates of today are:

Advertisement

image

Reverse Mortgage Rate Updates are brought to you by Jerry Wagner & Ibis Reverse Mortgage Software – The Industry Standard Since 1995. This is not just a slogan — six of the top 10 reverse mortgage originators plus NRMLA and the AARP use Ibis Software for their websites, retail and wholesale businesses. Lenders use Ibis RMO — loan origination modules, and Ibis Quick Quote — bilingual consumer calculators for your website. We also provide Ibis RMA — a complete counseling package for HUD-Approved reverse counselors.

Technorati Tags: Reverse Mortgage,HECM,FHA,HUD,Rates

string(82) "https://reversemortgagedaily.com/2008/08/26/reverse-mortgage-rates-august-25-2008/"

Share your opinion