Reverse Mortgage News by HECMWorld

Reverse Focus Weekly- Episode #318

Talking Points:

• California presents another onerous reverse mortgage bill
• New industry TV campaign begins in test markets
• 18 month low: reverse mortgage volume down 
• Planning needed prior to 2030 retirement meltdown

Reverse Focus Weekly- Episode #317

Talking Points:

• Home values still undervalued says Trulia
• NY reverse lender faces settlement for advertising
• Pennsylvania surprise: reverse volume shows new trend
• Nationstar exits reverse mortgage industry
• CFPB boondoggle: Renovation costs spark criticism

Reverse Focus Weekly- Episode #316

Talking Points:

• Long way to go: Only 7% of Financial Advisors suggest reverse mortgages
• New protection for surviving and younger reverse mortgage spouses
• Look before jumping says CSA group
• Wholesale sales drag down overall HECM volume

Reverse Focus Weekly- Episode #315

Talking Points:

• HUD shuts down open-ended fixed rate HECM loans
• FHA warns against product steering in advertising
• The big ugly: FHA clarifies non-borrowing spouse foreclosure timeline
• NRMLA’s response to Tamp Bay Times article appears in Op-Ed

Reverse Focus Weekly- Episode #314

Talking Points:

• Not a short term fix: Chicago Tribune
• Breaking even is reasonable with falling mortgage profits
• Reverse mortgages poised to boom: CBS MoneyWatch
• AAG launches HECM with 5% lifetime cap

Reverse Focus Weekly- Episode #313

Talking Points:

• Product changes spur new marketing focus
• Making the adjustment: Lenders speak out
• Over half strugging to make mortgage payments
• New product suspended after Ginnie Mae ruling

Reverse Focus Weekly- Episode #312

Talking Points:

• Compliance tool for Facebook launched
• Realtors push Condo boards to rethink FHA loans and certifications
• There is gold in the silver senior market
• Wall Street Journal debunks five retirement myths

Reverse Focus Weekly- Episode #311

Talking Points:

• Reverse Mortgages are safer. Should you?
• Shorter leash. GOP seeks to reign in CFPB
• Bloomberg: A ‘boon’ for boomers
• Only half say saving for retirement top goal

Reverse Focus Weekly- Episode #310

Talking Points:

• Constantly amazed at negative press
• Two states relax loan officer licensing
• Home prices slow down in most markets
• Children of senior homeowners featured in new ad campaign

Reverse Focus Weekly- Episode #309

Talking Points:

• New York Times; Investors Bet on Reverse Mortgage Resurgence
• Not the Product of the Past but Today: Training for Success
• Fits an Important Niche says on newspaper