Reverse Mortgage News by HECMWorld

Reverse Focus Weekly- Episode #512

Talking Points:

• Carson’s position at HUD appears secure
• Originators share tips for selling over the phone
• Servicer answers questions
• What post-October 2nd loans securitized reveal

Reverse Focus Weekly- Episode #511

Talking Points
Episode #511, Monday, April 9th

• Competition intensifies with lower lending ratios and new interest rate floor
• Some see Lifetime Expectancy Set-Asides as a bonus
• One-fourth of seniors rely solely on Social Security
• “It’s a post-October 2nd world”

Reverse Focus Weekly- Episode #510

Talking Points:

• Secretary Carson- next to go?
• Avoiding problems at the closing table
• What can we learn from HELOC borrowers?
• Interest rate competition heats up

Reverse Focus Weekly- Episode #508

Talking Points

 

• Reverse mortgage originators wish list for the HECM
• HUD’s modernization plan and fiscal scrutiny
• Funerals easier to discuss than long-term care
• Non-borrowing spouse statistics questioned

Reverse Focus Weekly- Episode #506

Talking Points:

• Cybercrime: how reverse lenders can protect themselves
• Would a retirement plan without a reverse mortgage stand up to a court’s scrutiny?
• Parent company no longer looking to sell reverse mortgage division
• Inspector General looking into Secretary Carsons’ family ties at HUD

Reverse Focus Weekly- Episode #505

Talking Points

• Counselors see a shift in HECM borrower type
• Retirees need solutions but remain reluctant
• A remedy for silver divorce?
• A new name for a familiar face

Reverse Focus Weekly- Episode #501

Talking Points:

• CFPB's Mulvaney, "We should explain rules before enforcing them"
• New rules improve HECM for Purchase but hurdles remain
• Advisors should avoid 'error by omission'
• November's endorsement surge

 

Reverse Focus Weekly- Episode #494

Talking Points

• Loan limits to increase despite HECM losses
• Reverse mortgage endorsements on the rise
• RMS parent company filed Chapter 11 BK
• Few acted on ‘Grey Monster’ warnings

Reverse Focus Weekly- Episode #492

Talking Points

• Industry leaders encourage diversification
• Meet Arlo: your new online HECM tool
• Lender seeing success with Jumbo product
• Why the reverse mortgage is stunted

Reverse Focus Weekly- Episode #477

Talking Points

• Counselors see more savvy applicants after the Financial Assessment
• What comes after the LIBOR index is retired?
• Seniors losing 25% of their income to medical expenses
• New HECM lender enters market