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Romney Talks HUD Elimination, Seller Concessions To Boost Reverse Mortgages?

NewImage.jpgReverse Fortunes Weekly Podcast Episode #203

A world without HUD? In a new podcast released today, Reverse Fortunes takes a look into recent comments made by Republican presidential candidate Mitt Romney to the effect that if he were to become elected, he may take a look at doing away with the Department of Housing and Urban Development. Additionally, Reverse Fortunes’ Shannon Hicks also discusses a recent NRMLA push to allow for for seller concessions in FHA reverse mortgage for Purchase transactions.

Hicks also points to recent acceptance of reverse mortgages by financial planners, as well as SAFE Act licensing across states.

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Talking Points:

  • Eliminate HUD? Romney targets agencies if elected
  • Getting on the Reverse Mortgage Train
  • Seller Concessions: Would they unlock HECM Purchase market?
  • SAFE Act licensing, states & bank employees

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.