In this week’s Reverse Focus podcast, Shannon Hicks talks the launch of a new fixed rate reveres mortgage product, the top-10 reverse mortgage stories of 2013, and what the Federal Reserve’s bond tapering means for mortgage lenders.
The HECM Choice is the newest reverse mortgage product offering from RMF. Insured by the Federal Housing Administration, this version of the Home Equity Conversion Mortgage enables borrowers to obtain a reverse mortgage at a fixed rate, drawing some of the proceeds upfront with the option to draw additional proceeds later on.
Hicks also discussed the top-10 reverse mortgage stories of 2013 as compiled by RMD, which include a court ruling against the Department of Housing and Urban Development in a non-borrowing spouse case, the launch of a reverse mortgage startup company, and more.
The Federal Reserve’s decision to taper bond purchases next year will have an impact on higher interest rates as well as HECM mortgage backed securities, according to one industry professional.
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- New fixed rate reverse mortgage product launched.
- Top-10 reverse mortgage stories of 2013
- Impacts of Fed tapering on mortgage lending
- Generational retirement gap poses serious financial threats
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Editor’s Note: These posts are sponsored by Reverse Focus.