Reverse Mortgage Pros & Cons Highlights, New Requirements from Ginnie Mae

 

ReverseFocusReverse Focus Weekly Podcast Episode #333

Reverse mortgage news coverage has been on the uptick with a most recent article from Investopedia noting five reverse mortgage alternatives. In this week’s Reverse Focus podcast, Shannon Hicks talks about the Investopedia coverage, as well as a recent investment News article that has a more positive take on reverse mortgages—namely that they have a place in retirement planning. 

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Hicks also delves into a recent report regarding appraisals, with the finding that 17% of appraisals today do not match the sales price. Appraisers becoming more conservative is one suggested reason for the discrepancy. 

The podcast also highlights the latest from Ginnie Mae, including new issuer requirements for forward and reverse mortgage securities issuers. Hear from Hicks as to the details by tuning in. 

To listen, login or become a free member to access past and current episodes.

Talking Points:

  • 17% of appraisals don’t match the sales price
  • Investopedia: 5 alternatives to a reverse mortgage
  • Ginnie Mae ratchets up issuer requirements
  • Investment News: HECM viable option for retiring boomers

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.

Written by Elizabeth Ecker

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