Reverse Fortunes Weekly

Talking Points:

• Too much, too soon- a L/O’s perspective
• Mission Impossible? Telling the truth about HECMs
• Your role in HUD counseling
• 2011- The Reverse Mortgage Apocalypse?
• Pennsylvania carbon copies California RM law

Knowledge & Insight:

A Day in the life of Reverse Fortunes latest CRM!

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Talking Points:

• What if Fannie & Freddie were eliminated?
• Bad advertising lead to fine
• Got Reverse? Why our industry needs a good PR campaign
• Online counseling tool

Knowledge & Insight:

The NMLS S.A.F.E. Act National Exam. A first hand account and advice.

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Talking Points:

• Barney Frank wants to eliminate Fannie & Freddie (GSE’s)
• Your Online! What your NMLS license will show the public
• Financial Interview Tool for HUD Counseling coming soon
• Rich and unable to get a mortgage
• FHA clamping down hard and raising MIP for traditional loans

Knowledge & Insight:

Weight around the neck: Pay Option ARMs and strategic defaults to effect reverse market

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Talking Points:

• Are RM originators at a disadvantage for SAFE Act test?
• New regulations target smaller RM lenders
• HECMS are not subsidizing rest of FHA study says
• Hearing voices? Judge voids reverse mortgage
• Are you creditworthy? You may need to be for NMLS license
• Will the Fed stop buying MBS?

Knowledge & Insight:

The future impact of the economic crisis on the HECM program.

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Talking Points:

• RM Calculator for iPhone & smartphones
• Educational agency selling database & more
• Irrevocable trusts and HECMs
• NRMLA proposes new net work requirements to aid industry
• RMS updates software for new GFE disclosures

Knowledge & Insight:

AB329 (The California Reverse Mortgage Elder Protection Act) Demystified.

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Talking Points:

• Who really is responsible for most elder abuse?
• CRMP designation fees and controversy
• New RESPA & GFE rules are here. Are you ready
• Appraiser independence delayed
• New HUD Counseling Rules

Knowledge & Insight:

Our predictions for 2010.

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Reverse Fortunes Weekly will return with it’s weekly podcast next week (the New Year).

We hope you had a wonderful Christmas with friends and family.

Talking Points:

• Home prices stabilized? Zillow say “yes they have”
• Counseling agencies say they’re ready for new California counseling checklist
• HVCC (Home Valuation Code of Conduct). Is it dead or alive?
• Federal Agency says HECMs are historically “untested”
• Tax credit does apply to qualified HECM purchase borrowers

Knowledge & Insight:

How to prepare yourself and your client for Appraisal Management Companies and HVCC rules.

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Talking Points:

• New federal agency to regulate reverse mortgages
• Why more companies are using AMCs (Appraisal Management Companies)
• Securities agent gets punished for selling reverse mortgages
• FHA projects lower production for 2010

Knowledge & Insight:

How you can prepare for 2010

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Talking Points:

• Technical Defaults: How big a problem?
• Big problem remain for FHA and overall market
• MBA speaks to Congress on HECM
• Financial Freedom raises the bar

Knowledge & Insight:

Getting your email inbox to zero and much more!

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