Reverse Mortgage News by HECMWorld

Reverse Focus Weekly- Episode #491

Talking Points:

• HECM dragging down overall MMI fund value
• Secretary Ben Carson still supportive of HECM program
• CFPB director steps down
• HECM to HECM refinance warning issued

Reverse Focus Weekly- Episode #490

Talking Points:

• The CFPB warns against reverse mortgage strategy...again
• A big needs-based market? Can we help them?
• Line of credit growth slowed substantially
• More concerns that the housing market is overheating

Reverse Focus Weekly- Episode #489

Talking Points

• Broker production slows in wake of HECM changes
• Lenders still see potential despite reverse mortgage reforms
• Experts divided if we’re in another housing bubble
• Considering the sale of their reverse mortgage division

Reverse Focus Weekly- Episode #488

Talking Points:

• Wall Street Journal focuses on reduction of HECM benefits post-October 2nd
• Senator Elizabeth Warren questions FHA nominee Brian Montgomery’s private sector affiliations
• FHA Commissioner nominee Brian Montgomery: “Work with, not against lenders”
• HUD Secretary Ben Carson the subject of recent Time Magazine piece

Reverse Focus Weekly- Episode #487

Talking Points:

• HECMs account for 5% of older American’s CFPB complaints
• Increasing calls to move the HECM out of FHA’s MMI fund
• Washington state imposes fine for ‘deceptive advertising’
• Are the housing and stock markets overvalued?

Reverse Focus Weekly- Episode #486

Talking Points

• Ben Carson: changes will help stop the bleeding
• The HECM for Purchase has been unshackled
• More will retire with mortgage debt- can the HECM help?
• Half have zero 401(k) savings

Reverse Focus Weekly- Episode #485

Talking Points:

• 5 things to expect from recent reverse mortgage changes
• September: the great race to beat the clock
• 2017 on pace to post improved endorsement totals
• Owen moving from under regulatory cloud

Reverse Focus Weekly- Episode #484

Talking Points

• HECM changes begin today- what you need to know
• H4P certificate of occupancy requirements relaxed
• The lingering impact of the hurricanes
• Budget office says restricting FHA loans would save billions

 

Reverse Focus Weekly- Episode #483

Talking Points:

• Are there any HECM counseling spots open?!
• MMI fund and HECM value confusion
• AAG to start offering traditional mortgages
• Prepping for retirement like preparing for a hurricane

Reverse Focus Weekly- Episode #482

Talking Points:

• President Trump taps Brian Montgomery to return as FHA Commissioner
• HECM changes and expected volume drop
• New HECM Final Rule: what it means for you
• AAG to launch real estate brokerage