Blog Entries »
Fox Business: Fair & balanced on reverse mortgages?
We've suffered an onslaught of ignorant, misinformed and adversarial articles in the media from so-called "experts" and "journalists"...
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HUD’s new Financial Interview Tool: Will it prevent borrower problems?
Commentary: I read with great interest and anticipation just what our prospective borrower’s would face with HUD’s new counseling protocol which includes a Financial Interview Tool [Update: Shortly after writing this commentary the NCOA FIT &
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Time Magazine: Another ignorant smear piece on reverse mortgages
I couldn’t read this “journalistic” (too use the term loosely) hit piece (Six Problems the Consumer Financial Protection Bureau Should Tackle First) and not respond. Below is my letter to the editor of Time Magazine
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Did we just dodge a bullet?
If a mental picture comes to mind for the reverse mortgage industry it is the character "Neo" in the Matrix leaning back impossibly as he dodges bullets in slow motion. The question is, have
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Will HECM require credit underwriting in the future?
Oftentimes we speed read. You know, skim across an article. We get the message but we can miss clues pointing to future trends. My reading this week on Reverse Mortgage Daily while preparing for
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Fixed rate is popular, but is it the best loan for your client?
The fixed rate HECM is wildly popular and now many banks are eliminating fees for consumers. The question is are we fully informing our borrowers about the advantages and disadvantages of the fixed versus
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FHA Wants Lenders to Police Brokers
The Federal Housing Administration, the government agency that insures a bigger and bigger portion of home loans, plans to rely more heavily on lenders to police mortgage brokers
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Mortgage brokers no longer allowed to order FHA appraisals…
The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve their exposure to risk. The changes, effective January 1, include: Modification of Procedures for Streamline Refinance Transactions Adoption of
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