Financial Assessment Update, AAG Assumes Reverse Mortgage USA Workforce

ReverseFocusReverse Focus Weekly Podcast Episode #291

In this week’s Reverse Focus podcast, and the first of 2014, Shannon Hicks talks the Department of Housing and Urban Development’s (HUD) delay of the financial assessment protocol for reverse mortgages. HUD has yet to come forth with a definite date as to when the rule will take effect, however, a mortgagee letter is on the way that will provide additional guidance.

Also discussed, on January 7 at 11am Pacific (2pm Eastern), Reverse Focus will hold a free webinar training session that will examine reverse mortgage product education, financial fact finding and common retirement pitfalls, among other topics. 

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The performance of low-end home values might be a better indicator of future price growth rather than national aggregate data, according to a recent analysis from CoreLogic. 

Lastly, Texas-based Reverse Mortgage USA announced last week that its employees would “roll into” American Advisors Group, or AAG. Approximately 90% of Reverse Mortgage USA’s workforce will begin doing business under AAG in the week following the announcement.

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Talking Points:

  • HUD financial assessment update
  • Free reverse mortgage webinar this week
  • Low-end home values foreshadow price slowdown
  • Reverse mortgage USA and AAG 

Listen Now. “Reverse Focus 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.”

Editor’s Note: These posts are sponsored by Reverse Focus.

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