Reverse Mortgage News by HECMWorld

Reverse Focus Weekly- Episode #352

Talking Points:

• BNY Mellon ready to launch reverse operations
• Connecticut eyes required face to face counseling
• 40% of home equity held by older households
• Retirement age is slightly rising but leveling off

Reverse Focus Weekly- Episode #351

Talking Points:

• New date announced for Financial Assessment
• “On the right track”. Report to Congress on reverse mortgage program
• More money: Urban improves lending ratio for Home Safe jumbo product.
• Slow down: Housing recovery stalling says report

Reverse Focus Weekly- Episode #350

Talking Points:

• 3 Reasons to Tap Into Home Equity
• Federal Savings Bank Targets HECM Expansion
• California Offers Help to Reverse Borrowers
• Australian Proposal for Mandatory Reverse Mortgages

ReverseFocus Weekly- Episode #349

Talking Points:

• CFPB issues tips for reverse mortgage borrowers
• A source of wealth: Retirees tapping home equity
• CFPB dings New Day Financial for advertising
• CFPB reveals top reverse mortgage complaints

Reverse Focus Weekly- Episode #348

Talking Points:

• Reverse Mortgage interest surges prior to assessment
• Interest is up but endorsements flat as Financial Assessment approaches
• HUD seeks revision to National Housing Act & budget for non-borrowing spouses
• Reverse mortgage could solve number one retirement worry

Reverse Focus Weekly- Episode #347

Talking Points:

• No Deadbeats: The Mortgage Professor looks at the Financial Assessment
• Counselors prepare for new hurdes with upcoming assessment
• Community banks stymied by overly strict mortgage rules
• Year end slump in reverse mortgage endorsements

Reverse Focus Weekly- Episode #346

Talking Points:

• HUD Chief: Reverse Mortages good if done right
• Bleak: Retirement outlook for working Americans
• Risky: Lowering FHA premiums too soon?
• Reverse as wealth management tool: LA Times

Reverse Focus Weekly- Episode #345

Talking Points:

• Changes to gather greater pool of potential borrowrs says NASDQ
• Mortgage Professor: Fixed vs. Adjustable debate
• Brokers lead endorsement growth year end
• Top talent added to new lender’s executive team

Reverse Focus Weekly- Episode #344

Talking Points:

• The Big Bang at the end of the year: Reverse mortgage volume spikes
• Home gains sluggish yet projected to grow this year
• You will be missed. The passing of an industry veteran and advocate
• The Motley Fool: Reverse Mortgage Truths retirees should know

Reverse Focus Weekly- Episode #343

Talking Points:

• Last option or best hope?
• Wall Street Journal: How to talk to aging parents about money
• Huffington Post: Reverse borrowers should consider wealth goals
• America’s aging tsunami crisis

Happy New Year!