Reverse Mortgage News by HECMWorld

Reverse Fortunes Weekly- Episode #96

Talking Points:

• Price Wars: No service fee / No Origination?
• Technical foreclosures: are seniors really at risk?
• NRMLA kicks PR initiative into high gear
• Pockets of resistance: some areas show HECM volume increase

Knowledge & Insight: Does regulation equal consolidation? Listener Comment Line: (530)276-8180

Reverse Fortunes Weekly- Episode #95

Talking Points:

• Reverse Mortgage Spokesman Peter Graves dies
• Security One Lending releases new fixed product without Service Fee Set Aside
• RM Application volumes stops falling
• RM Cross-Selling: Is it all bad?

Knowledge & Insight: Part 2 of 2 of our interview with Torrey Larsen, CEO of Security One Lending. NEW Listener Comment Line: (530)276-8180

Reverse Fortunes Weekly- Episode #94

Talking Points:

• Without a budget subsidy: HECM PLF cuts would be much worse...21%
• Where is AARP when it comes to consumer education on reverse mortgages
• FHA proposing increase in down payment for traditional loans
• Reverse Mortgage Daily announces new commenting policy

Knowledge & Insight: An interview with Torrey Larsen: CEO and co-founder of Security One Lending (Part 1 of 2)

Reverse Fortunes Weekly- Episode #93

Talking points:

• NRMLA board approves new public affairs campaign
• The pension time bomb. State pensions in big trouble
• Security One Lending to serve Credit Unions
• FHA increases upfront MIP for traditional FHA loans

Knowledge & Insight: Recap of Atlanta Roadshow

Reverse Fortunes Weekly: Episode #91

Talking Points:

• New tool helps avoid costly GFE mistakes
• Application volume nosedives in last quarter of 2009
• Veteran HUD counselors stymied by exam
• Why "fiduciary duty" a bad thing?
• Obama administration to promote "annuities"
• New Crime-Busting unit fights reverse mortgage fraud in Florida
• MBA supports Federal guidance of reverse mortgages

Knowledge & Insight: Taking control of your reverse mortgage destiny

Reverse Fortunes Weekly- Episode #90

Talking Points:

• Independence Day: HVCC...it's here
• Double-dip in home prices according to Zillow
• Rolling the dice: investing in HECMs
• Two companies slammed for alleged misleading advertising

Knowledge & Insight: Listener feedback on "The Reverse Mortgage Apocalypse: 2011"

Reverse Fortunes Weekly - Episode #89

Talking Points:

• Too much, too soon- a L/O's perspective
• Mission Impossible? Telling the truth about HECMs
• Your role in HUD counseling
• 2011- The Reverse Mortgage Apocalypse?
• Pennsylvania carbon copies California RM law

Knowledge & Insight: A Day in the life of Reverse Fortunes latest CRM!

Reverse Fortunes Weekly- Episode #87

Talking Points:

• Barney Frank wants to eliminate Fannie & Freddie (GSE's)
• Your Online! What your NMLS license will show the public
• Financial Interview Tool for HUD Counseling coming soon
• Rich and unable to get a mortgage
• FHA clamping down hard and raising MIP for traditional loans

Knowledge & Insight: Weight around the neck: Pay Option ARMs and strategic defaults to effect reverse market

Reverse Fortunes Weekly- Episode #86

Talking Points:

• Are RM originators at a disadvantage for SAFE Act test?
• New regulations target smaller RM lenders
• HECMS are not subsidizing rest of FHA study says
• Hearing voices? Judge voids reverse mortgage
• Are you creditworthy? You may need to be for NMLS license
• Will the Fed stop buying MBS?

Knowledge & Insight: The future impact of the economic crisis on the HECM program.

Reverse Fortunes Weekly- Episode #85

Talking Points:

• RM Calculator for iPhone & smartphones
• Educational agency selling database & more
• Irrevocable trusts and HECMs
• NRMLA proposes new net work requirements to aid industry
• RMS updates software for new GFE disclosures

Knowledge & Insight: AB329 (The California Reverse Mortgage Elder Protection Act) Demystified.