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FHA Delays Implementation of Appraiser Independence
Reverse Mortgage Daily | December 22nd 2009 by John Yedinak
The US Department of Housing and Urban Development announced that the enactment of ML 2009-28, Appraiser Independence will be delayed until February 15, 2010. ML 09-28 was originally planned to become effective January 1, 2010 and prohibits mortgage read more
MetLife Releases Reverse Mortgage Guide for Consumers
Reverse Mortgage Daily | December 22nd 2009 by John Yedinak
MetLife Mature Market Institute (MMI) announced the release of The Essentials: Reverse Mortgages to help consumers make informed decisions regarding the use of home equity to help fund one’s retirement. “Reverse mortgages can allow older individ read more
Reverse Mortgage Webinar on New HUD Counseling Guidelines
Reverse Mortgage Daily | December 22nd 2009 by John Yedinak
Reverse Mortgage Daily and Reverse Fortunes are presenting another free training session on January 7, 2010 at 9:00 AM to ensure your company is prepared for the new counseling changes. Reverse Fortunes will cover how HUD counselors are now mandated read more
Forclosures Have Met Their Match… Reverse Mortgages
Bad Credit Debt Management | December 19th 2009 by Erick
Foreclosure filings were reported on 2. 3 million U. S. properties in 2008, an increase of 81 percent from 2007 and up 225 percent from 2006, according to the RealtyTrac U. S. Foreclosure Market Report released January 15, 2009. The soaring num read more
HUD Says Counselors Will Be Able to Issue Backdated HECM Certific…
Reverse Mortgage Daily | December 17th 2009 by John Yedinak
The US Department of Housing and Urban Development sent a notice to all HUD approved counseling agencies stating that effective December 18, 2009, reverse mortgage counselors will be able to issue backdated HECM certificates to replace those certifi read more
House Votes To Extend Estate Tax
Reverse Mortgage Daily | December 17th 2009 by John Yedinak
The US House of Representatives voted earlier this month to permanently extend the estate tax by a vote of 225-200. Only Democrats voted for the bill, with 26 Democrats joining Republicans in voting against it. The House plan would exten read more
Eugene Loan Guy Unveils New Reverse Mortgage Website
My FHA Mortgage Blog | December 15th 2009 by Mark Madsen
Announcing a new Oregon Reverse Mortgage Information website: Laurie Willis, Alpine Mortgage Planning Reverse Mortgage Specialist, and I are developing a new website about the senior citizen Reverse Mortgage process. We started with an outstanding read more
New Reverse Mortgage Website Launched
FHA Loans Oregon | December 15th 2009 by Fred Chamberlin
Laurie Willis, Alpine Mortgage Planning Reverse Mortgage Specialist, and I have launched a new website to deal with the questions around the Reverse Mortgage process for senior citizens. Since I am over 62 and could qualify for a Reverse Mortgage, I read more
Reverse Mortgage - Is It For You?
Ki's Austin Real Estate Blog | December 15th 2009
Reverse mortgages have been around for a while and the Department of Housing and Urban Development (HUD) under the Federal Housing Administration (FHA) was one of the first to offer them. Before diving into the deep end of a reverse mortgage, you ne read more
Understanding Reverse Mortgages
Bad Credit Debt Management | December 13th 2009 by Erick
Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boostin read more
Myths, Pros and Cons of Hecm Reverse Mortgages
Bad Credit Debt Management | December 12th 2009 by Erick
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted read more
Boise, Idaho FHA Reverse Mortgage Home Loans For Seniors over the…
My FHA Mortgage Blog | December 11th 2009 by Mark Madsen
A Boise, Idaho FHA Reverse Mortgage Senior Home Loans is a great way for anyone over the age of 62 to enjoy their retirement and not have to stress as much about money. With a Reverse Mortgage it frees up the options available for anyone over the age read more
HUD Projects FHA Reverse Mortgage Volumes To Decrease In 2010
Senior Housing News | December 10th 2009 by Senior Housing News
According to a recently released report by the Department of Housing and Urban Development (HUD), the Federal Housing Administration is projecting that reverse mortgage endorsement volume will decline in 2010. It would be the first year over ye read more
FHA Projections Show Drop in Reverse Mortgage Volume for 2010
Reverse Mortgage Daily | December 9th 2009 by John Yedinak
The Federal Housing Administration is projecting that reverse mortgage endorsement volume will decline in 2010. It would be the first year over year decline the industry has experienced in at least a decade. According to the report, FHA read more
Confusion over Subordinate Financing in Reverse Mortgages
Reverse Mortgage Lenders | December 7th 2009
On November 18, 2009, the FHA published MORTGAGEE LETTER 2009-49, the purpose of which was to clarify “FHA requirements for secured subordinate financing under the Home Equity Conversion Mortgage (HECM) Program.” Specifically, the letter read more
What Is A Reverse Mortgage? (Part 2)
Las Vegas - Henderson, NV Real Estate | December 7th 2009 by Renee Burrows, Realtor NVRS
Part 2 in Lew's Series on Reverse Mortgages! Please Click on Lew's link if you would like to comment: Via Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida):What Is A Rever read more
What Is A Reverse Mortgage? (Part 1)
Las Vegas - Henderson, NV Real Estate | December 5th 2009 by Renee Burrows, Realtor NVRS
Lew has an excellent series of Reverse Mortgage Posts that I will be adding to my blog slowly over the course of the next couple of weeks! Very informative for persons who may be considering reverse mortgages!! Please click on the link t read more
Myths, Pros and Cons of Hecm Reverse Mortgages
Mortgage Interest Rates | December 4th 2009 by Rodney Parris
First and foremost; the bank does not, nor do they want to own your home. So why do so many people believe this? Prior to FHA getting involved in 1988, the lenders would take an equity position in their Borrowers homes. That practice has resulted read more
MBA Speaks to House Financial Services Committee About HECM Progr…
Reverse Mortgage Daily | December 4th 2009 by John Yedinak
Mortgage Bankers Association Chairman Robert Story Jr., testified before the House Financial Services Committee at a hearing on the Federal Housing Administration’s Fiscal Year 2009 actuarial report. During his testimony, Story said that protecti read more
FHA Management Report Shows $414 Million Positive Value for HECM…
Reverse Mortgage Daily | December 3rd 2009 by John Yedinak
Since the inception of the Federal Housing Administration’s reverse mortgage program, FHA has insured 571,709 HECM loans with a maximum claim amount of $123 billion. According to FHA’s Annual Management Report, 452,196 of those loans with a maxi read more
Reverse Mortgage for Co-Ops Coming Soon?
Reverse Mortgage Daily | December 3rd 2009 by John Yedinak
Homeowners who are looking to get a reverse mortgage on their co-op will be able to soon according to an article from the New York Times. The question was posted in its Real Estate Q&A over the weekend. Eric D. Sherman, a Manhattan read more
Hecm Reverse Mortgage
Reverse Mortgage Blog | November 27th 2009 by Gerry Marsh
trinity reverse asked: Almost everyone knows what a mortgage loan is, and a good number of those people are familiar with most of the mortgage plans available. It’s a simple concept that aids millions of Americans in financing new houses by ta read more
Reverse Mortgage Factsheet, Moving in the Right Direction
Reverse Mortgage Daily | November 25th 2009 by John Yedinak
Developing a simple way to explain reverse mortgages for consumers using one image isn’t an easy task, but that didn’t stop ReverseMortgage.net from trying. The website created its own non-commercial visual with the help of the desig read more
Reverse Mortgage Training Reminder, Get Ready For 2010
Reverse Mortgage Daily | November 25th 2009 by John Yedinak
Just a reminder that Sam Collins is providing RMD readers with another free training session on December 1, 2009 at 2:00 PM. Sam will show you how to “Make the Most of the Rest of 2009 and Help you Get Ready with Your Strategic Plan for 2010." read more
Why do people talk badly about reverse mortgages
Personal Finance, Loans & Insurance | November 24th 2009 by whisnu
After hearing the acrimonious news relative to HECM reverse mortgages and the reality is that everybody seems to chatter about the idea quite degradingly, I cannot help but guess whether this is because of the maturity of those taking out equity rele read more
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Residential Appraiser - Appraisal Blog | November 23rd 2009 by Curtis D. Harris, BS, CGREA, REB
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER November 18, 2009 MORTGAGEE LETTER 2009-49 TO: ALL FHA-APPROVED MORTGAGEES ALL HUD-APPROVED HOUSING COUNSELING read more
Choice Home Mortgage Adds to Exclusive Reverse Mortgage Group
Reverse Mortgage Daily | November 20th 2009 by John Yedinak
Choice Home Mortgage Services has added Frank Miller to its exclusive Long Island Reverse Mortgage team said a company statement. Miller has published articles on reverse mortgages and has presented various seminars on the subject for both seni read more
HUD Notice Asks Serious Questions About Use of Reverse Mortgage P…
Reverse Mortgage Daily | November 19th 2009 by John Yedinak
The US Department of Housing and Urban Development will publish an advance notice of rule making concerning reverse mortgages and will “ask some serious questions that a lot of people may find disconcerting,” said Meg Burns, Director, Single-Fami read more
Financial Freedom Takes Top Wholesale Lender Title for FY 2009
Reverse Mortgage Daily | November 19th 2009 by John Yedinak
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 read more
Training: Strategic Planning for Reverse Mortgage Lenders in 2010
Reverse Mortgage Daily | November 18th 2009 by John Yedinak
Reverse Mortgage Daily and Sam Collins are presenting another free training session on December 1, 2009 at 2:00 PM where Sam will cover “Making the Most of the Remainder of 2009 and Getting Ready with Your Strategic Plan for 2010." He will he read more
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