In this week’s Reverse Focus podcast, Shannon Hicks highlights the Federal Housing Administration’s (FHA) decision to keep reverse mortgage loan limits unchanged through the remainder of 2015, with max claim amounts currently set at $625,500.
Hicks also discusses the home equity conversion mortgage (HECM) for purchase (“H4P”) market, which has been met with a limited response. With 280,000 purchase transactions each year, there’s potential for growth of this product, he says, noting that one significant barrier stands in the way: the approach. Tune in to learn more.
The age-old real estate phrase “location, location, location” rings true when it comes to reverse mortgage markets, Hicks says, detailing the latest Reverse Market Insight report, which shows that some regions of the country show more promise than others for reverse mortgage lenders.
One of these markets is Sacramento, Calif., a relative newcomer to the ranking tables.
Finally, Reverse Focus, itself, made the news recently when it secured a consulting agreement with Heartland New Zealand Limited, the leading provider of reverse mortgages in New Zealand.
“This is a historic moment for Reverse Focus as it represents our first foray into international markets,” Hicks said.
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- New HECM lending limits announced
- What is stopping the HECM-for-purchase market?
- Some regions are ripe for reverse mortgage origination
- Reverse Focus goes global
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 Emily Study