Recent Posts Tagged With Financial Freedom

• Financial Freedom Raises Correspondent Net Worth Requirements, More to Follow?

  Posted on Friday December 4th, 2009 at 11:47 am in news, Financial Freedom, fha, reverse mortgage

  Financial Freedom sent out a notice earlier this week announcing it was increasing net worth requirements for wholesale correspondents.  According to the notice: Beginning 2010 you will be required to maintain a minimum net worth of $100,000 (with 5...

• Financial Freedom Takes Top Wholesale Lender Title for FY 2009

  Posted on Thursday November 19th, 2009 at 11:29 am in news, Financial Freedom, reverse mortgage, top hecm lenders

  Wholesale reverse mortgage volume for the month of September totaled 5,567 units, up 6.1% from August and marking the 6th highest wholesale volume month on record according to data from Reverse Market Insight.  For fiscal year 2009, wholesale e...

• Taxes & Insurance Issues Continue for Reverse Mortgages

  Posted on Wednesday October 14th, 2009 at 06:08 pm in news, Financial Freedom, fha, reverse mortgage

  Underscoring the confusion that continues to surround tax and insurance issue with reverse mortgages is the recent case of a Michigan couple who found themselves in default due to unpaid property taxes and no property insurance in place. Despite lat...

• Top Wholesale Reverse Mortgage Lenders, Genworth’s Business Booming

  Posted on Thursday October 8th, 2009 at 09:38 am in news, Financial Freedom, bank of america, reverse mortgage, metlife, top hecm lenders, generation mortgage, jb nutter

  Wholesale reverse mortgage volume faired better than the retail side of the business in August.  According to data from RM Insight, wholesale volume was down 2.7% compared to retail endorsement volume being down 17% in August. The most interesting ...

• Financial Freedom Discontinues Fixed Rate Reverse Mortgage in Illinois

  Posted on Thursday October 1st, 2009 at 12:59 pm in news, Financial Freedom, bank of america, reverse mortgage, reverseit, hrhla

  Financial Freedom announced that it’s discontinuing the HECM fixed rate product in the state of Illinois, effective immediately said the company statement. The statement read that: We will continue to process and fund existing Illinois Fixed-Rate...

• Defaults on Reverse Mortgages are Headline Risk

  Posted on Tuesday August 18th, 2009 at 02:09 pm in news, Financial Freedom, reverse mortgage

  Wrestling with the issue of defaults on tax and insurance payments for properties which have reverse mortgages on them, private and public sector practitioners know they’re handling a hot potato issue, described succinctly by Steve Irwin as “head...