Reverse mortgages are often misunderstood by the general public. As the industry strives to distance the reverse mortgage product from the “loan of last resort” reputation, ongoing education is critical not only for prospective borrowers, but also for the originators who work with them. Over the years, reverse mortgages have suffered from a negative reputation […]

The reverse mortgage financial assessment is arguably the most impactful product change in the history of the home equity conversion mortgage (HECM). While the financial assessment is adding new steps to the origination process, these steps can be used as a sales advantage. Join Reverse Mortgage Daily and ReverseVision on Wednesday, April 15 for a […]

After years of the Financial Assessment looming over the reverse mortgage industry, its delay has been met with mixed feelings—both frustration and relief. Some industry professionals welcome the delay in the regulation’s implementation, which the Department of Housing and Urban Development (HUD) recently announced would be pushed back to April 27, 2015, eight weeks after […]

The reverse mortgage industry nears what is arguably the product’s biggest change in a decade as the Financial Assessment’s March 2 effective date draws closer. And like the new rule or not, lenders are getting ready with a variety of training initiatives. In the past, lenders may have performed their own versions of a “financial […]

Are you prepared for the reverse mortgage financial assessment, scheduled to take effect on March 2, 2015? Reverse Focus is offering a FREE training seminar on Monday, November 17th at 2 pm Eastern (11:00 AM to noon PST). Mark your calendar! This week FHA released the long-anticipated details and guidelines for the Financial Assessment. This is […]

Are you trying to navigate the new non-borrowing spouse landscape? HUD’s Non-Borrowing Spouse (NBS) policy, which goes into effect August 4th, is a watershed event for the HECM program. Reverse Focus is hosting a FREE webinar on Wednesday, August 6 to help reverse mortgage professionals understand and adapt to the changes. Register now! Space is […]

Raymond James Financial (NYSE:RJF) has announced the launch of a new retirement planning initiative that will help its advisors apply key concepts drawn from the Massachusetts Institute of Technology’s AgeLab, the company says. With longer lifespans than any previous generation, baby boomers will require different retirement planning techniques. For this reason, Raymond James hopes to […]