HUD Affirms HECM Program, Financial Underwrite Statement Pending

NewImage.jpgReverse Fortunes Weekly Podcast Episode #171

The latest podcast from Reverse Fortunes takes a close look at recent comments from the Department of Housing and Urban Development regarding the HECM program. Hear from Shannon Hicks on HUD’s affirmation of the program as well as HUD’s stance on the ability of HECM lenders to underwrite for tax and insurance.

Hicks also talks about Bank of America’s recent decision to unload its wholesale lending division—yet another exit for the troubled bank that comes just months after the bank opted to close its reverse mortgage business.

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Talking Points:

  • HUD affirms reverse mortgage program
  • Selling off assets. B of A sheds divisions
  • Yes you can. HUD to approve financial underwrite
  • The Boomer Effect. Retirees may push stock market down

Listen now“Reverse Fortunes is the ultimate resource for reverse mortgage professionals providing the technology, training and marketing to grow your business. We are your one-stop resource for those committed to taking their business to the next level.” Editors Note: These posts are sponsored by Reverse Fortunes.

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