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Reverse Mortgage Daily
Reverse Mortgage News Daily
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FHA Commissioner Sees Bright Future For Reverse Mortgages
HeraldNet writer Tom Kelly does a great job covering reverse mortgages. His most recent article, Even now, reverse mortgages a viable option describes how even with the credit crunch, the reverse mortgage industry grew for the 19th straight year. While the 4.3 percent growth in HECM volume isnt clo ...
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Reverse Mortgage Rates December, 2 2008
The 10-year Treasury rate plummeted to 2.72% today. Maybe next week all Treasury HECMs with a margin of 2.84% or less will be paying the maximum benefits. Were in territory where the Principal Limit is maxed out and the SFSA is the only factor moving with rates. Lower rates mean less money since low ...
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Reverse Mortgages Mentioned on Economist Blog
Last week the Economists Free Exchange Blog wrote about reverse mortgages in Reversing insecurity. The post covers how the reverse mortgage business is the once aspect of the mortgage market that continues to thrive. Besides the fact the Economist is quoting a Boston College research paper from 20 ...
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New Ginnie Mae President Comments on Reverse Mortgage Program
The November, 2008 issue of Mortgage Banking Magazine features an interview with Ginnie Maes new president Joseph Murin. Journalist Robert Stowe England sat down with Murin a few months after being sworn in by HUD Secretary Steve Preston and they touch on a range of topics including reverse mortgag ...
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Free Reverse Mortgage Training Reminder
A quick reminder that Stephen Kinney will be providing RMD readers with a free training session on Wednesday, December 3, at 12PM (EST). In the session, Stephen will go over Tips and Techniques on building Empathy and Trust as well as: How to develop and build trust quickly with your senior prospec ...
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AllRegs Releases Subscription Based Reverse Mortgage Guide
Last week AllRegs announced the release of its new Think Reveres Practical Guide. The guide is based on the book written by Atare E. Agbamu and is designed for originators, servicers, and investors in the mortgage business. "The popularity of the reverse mortgage market is growing, and to get ...
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Financial Planner Provides Insight Into FINRAs Reverse Mortgage Announcement
Certified Financial Planner and Times Herald contributor Al Benelli recently wrote about the Financial Industry Regulatory Authoritys warning earlier this year about reverse mortgages. Benelli feels that the strong warning makes him wonder if the regulator of the securities industry had more up its ...
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Reverse Mortgage Daily Turns 2
Just wanted to say Thank You to everyone who has supported Reverse Mortgage Daily over the last two years. I registered the domain on November 25, 2006 and 1,621 posts later here we are. I wanted to thank every reader, contributor, and sponsor without you RMD isnt possible. Below is a list of ev ...
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Reverse Mortgage Is A Godsend To Woman in NY Times Article
Over the weekend the New York Times published a story describing how older Americans are struggling to get by while the economy continues to slide. One of the people featured in the article is Marie Hinkel, a 79 year old widow who lives in Port Chester, NY. After her husband died, Hinkel has been re ...
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Golden Gateway Updates Reverse Mortgage Calculator, Adds More Tools
Golden Gateway Financial recently announced a new and updated version of its online reverse mortgage calculator to reflect the new FHA reverse mortgage limits. Along with new calculator, the Oakland, California based company also introduced its Budget Reality Check and Retirement Calculator. Both to ...
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Reverse Mortgage Rates November, 25 2008
We will likely never see a week like this again. 10-year rates plummeted. In the colored tables below you can see the changes in benefits for the average HECM borrower (a 73-year old in a $250,000 home). A Treasury HECM+200 will give $5,811 more tomorrow. A HECM+175 will give $197 less because the b ...
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Online Marketing For Reverse Mortgages Presentation From NRMLA Conference
Ive had a few requests for a copy of the presentation from the Effective Online Marketing Panel that I participated in at the NRMLA conference, so I figured I would post it to RMD. There is some great information in the PowerPoint and Aman added a couple slides at the end which features different t ...
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Fortes Financial Closing Doors, Reverse Mortgage Business Remains Open
Fortes Financial announced on its website that it has decided to wind down operations of the company and its divisions as of November 24, 2008. The companys Board of Directors made the decision and will not be accepting any new loan submissions or will it fund any loans currently in the existing pi ...
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Upcoming Reverse Mortgage Training With Stephen Kinney
Reverse Mortgage Daily and Stephen Kinney are pleased to present: Getting to Know You - Tips and Techniques on building Empathy and Trust. Join us Wednesday, December 3, at 12PM (EST) for this free training session where Stephen will cover: How to develop and build trust quickly with your senior p ...
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Jack Bauer, American Hero & Reverse Mortgage Spokesperson
Have you gone out to You Tube and checked out the videos about reverse mortgages? They range from silly to down-right scary and everywhere in between but are these video segments a good sales tool or just someone that is bored trying to get their fifteen minutes of You Tube fame? Well, here is our s ...
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NRMLAs Certified Reverse Mortgage Professional Designation Moving Forward
Last week a special committee formed by the National Reverse Mortgage Lenders Association met to establish a Certified Reverse Mortgage Professional designation program. The designation is designed for originators and will require that they pass an exam to ensure they have sufficient knowledge of re ...
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Judge Requires Woman To Use A Reverse Mortgage To Repay The State
WBBM Chicago is reporting an interesting story about a former northwest Indiana town employee who stole nearly $300,000 from the state. Lake Superior Court Judge Thomas Stefaniak didnt give Rosemary Barath, 68, of Merrillville, Indiana prison time, in part because she has no prior criminal convictio ...
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NRMLA & Why The Reverse Mortgage Industry Needs To Support Them
Earlier this week I voiced my opinion on NRMLAs new NRMLAPedia and needless to say there was some feedback. Certainly some of the comments were more constructive than others but feedback is feedback and I dont think dialogue is ever a bad thing. Some felt people felt my comments were out of place ...
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How Much Could Reverse Mortgages Contribute To Retirement Incomes?
The Urban Institute recently published a report which discuses how reverse mortgages may appeal to certain demographics of people over others. By using data from the Health and Retirement Survey (HRS), the Washington, DC based institute was able to estimate the potential increase in annual household ...
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Want a Signed Copy of Robert Wagners New Book?
The Senior Lending Network was nice enough to provide me with a few copies of your favorite Reverse Mortgage Spokespersons new book. Robert Wagners new book Pieces of My Heart is a big seller and the copies I have are signed by Mr. Robert Wagner himself. How do you get a copy? The first couple of ...
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