How Knight Survived, New Mortgage Servicing Rules Coming Soon

NewImage.jpgReverse Fortunes Weekly Podcast Episode #219

In the days and weeks following a trading error that cost Urban Financial parent company Knight Capital Group upwards of $400 million, speculation swirled over the potential impact on the company’s reverse mortgage business. The latest podcast from Reverse Fortunes takes a look into how Knight Capital survived

Reverse Fortunes’ Shannon Hicks also talks about an announcement by the CFPB last week indicating that change is on the horizon for mortgage servicing in general and reverse mortgage servicing in early 2013. Hicks also looks to two recent articles exploring why households may be in trouble if they don’t look to reverse mortgages as an option as well as what to look for in a reverse mortgage.

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Talking Points:

  • Bureau says new reverse mortgage servicing rules coming
  • How Knight Capital Survived
  • Ignoring reverse mortgages can be devastating for retirees
  • How to shop for a reverse mortgage

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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