Reverse Mortgage News by HECMWorld

Reverse Fortunes Weekly- Episode #117

Talking Points:

• Retiring well on $1,500/month
• New rule to eliminate YSP
• Know thy borrower: FIT Tool
• NRMLA conference to be held in New Orleans
• Next Generation loan: The HECM Saver
• Senior's home saved: Congressman applies pressure to lender
• Fed proposes new forms for disclosure

Reverse Fortunes Weekly- Episode #116

Talking Points:

• Dark cloud on the horizon in October?
• NRMLA's CRMP opens doors
• Texas to catchup with reverse mortgage regs
• China to go reverse

Knowledge & Insight: Better prepare yourself and prospective customers for 9/11/2010. Why you cannot ignore the new FIT for HUD counseling and how you can prepare...

Reverse Fortunes Weekly- Episode #115

Talking Points:

• HECM subsidy takes $10M hit due to earmark
• New HUD counseling protocol update
• Online searches for reverse mortgages down
• The young and the fixed rate
• Grassroots support for the HECM
• TPO's: they are watching you

Knowledge & Insight

Don't let that fish off the hook

Reverse Fortunes Weekly- Episode #114

Talking Points:

• One step closer: appropriation bill moves forward
• Fewer lenders = More Audits
• Family fraud

Knowledge & Insight: Preparing and completing SAFE licensing. Now is the time.

Reverse Fortunes Weekly- Episode #113

Talking Points:

• New Counseling tool (FIT): will it help?
• Is it enough? Approrpriation and HECM cap
• Arizona originators in limbo

Knowledge & Insight: A closer look at the Financial Interview Tool (FIT) as part of new HUD Counseling Protocol.

Reverse Fortunes Weekly- Episode #112

Talking Points:

• 9/11 & HUD counseling protocol?
• A step closer to appropriaton
• Deliberate consolidation to larger banks?
• NRMLA responds to Time Magazine

Knowledge & Insight: Which costs less? HECM subsidy or social welfare for seniors? A case for a Medicaid HECM program

Reverse Fortunes Weekly - Episode #110

Talking Points:

• HECM Subsidy debated this week. Keep your fingers crossed
• HVCC. Federal regulators eye repeal
• Financial Reform: what can you expect

Happy Independence Day!

Reverse Fortunes Weekly - Episode #109

Talking Points:

• Court overturns reverse repayment terms
• FHA: No tax payments: start foreclosure
• Goodbye HVCC?
• Pension reform by states may push many to HECM

Knowledge & Insight: How to host your own radio show at no cost

Reverse Fortunes Weekly- Episode #108

Talking Points:

• Mortgage fraud sweep biggest ever
• Credit-worthy for reverse mortgage in future?
• Online tool by PRC gets fees right the first time
• Still not happy...guess who?

Knowledge & Insight: Blog with your senior clients

Reverse Fortunes Weekly- Episode #107

Talking Points:

• Reverse foreclosures to begin says Fannie Mae
• Home prices to rebound?
• House money: why so few use it
• Reverse forecast: thunderstorms followed by sunshine

Knowledge & Insight: Tipping Point: Why the HECM Subsidy is a game-changer