Monthly Archives: December 2012

Reverse Mortgage News

Reverse Mortgages Pros Senate To Confirm New FHA Chief, Reverse Mortgage Changes to Come The U.S. Senate on Sunday confirmed Carol Galante as the new Federal Housing Administration commissioner and assistant secretary for housing. In her previous role as acting

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Reverse Mortgage News

Reverse Mortgages Pros NRMLA Announces 2013 Reverse Mortgage Regional and Investor Conference The National Reverse Mortgage Lenders Association has announced it will host its second-annual reverse mortgage investor conference in March 2013 in conjunction with its Eastern Regional meeting.  The

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Reverse Mortgage News

Reverse Mortgages Pros Senior Home Equity Reaches Highest Level Since 2009 Senior home equity continues to rise in 2012 with the third quarter posting the fastest quarterly gain since 2005, according to data from the National Reverse Mortgage Lenders Association

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Reverse Mortgage News

Reverse Mortgages Pros HUD Advises Reverse Mortgage Lenders on New Calif. Counseling Law A new California reverse mortgage counseling law is scheduled to take effect on January 1, and the Department of Housing and Urban Development informed counselors and reverse

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Reverse Mortgage News

Reverse Mortgages Pros Holiday Round-Up: FHA to Halt Fixed Rate Full Draw Reverse Mortgage In case you missed it… here’s what happened in reverse mortgage news this week.  HUD said it’s considering putting the fixed rate full draw HECM on

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Reverse Mortgage News

Reverse Mortgages Pros FHA Willing to Suspend Fixed Rate Standard Reverse Mortgage Product The Federal Housing Administration said it’s willing to make several changes to the programs it offers, one of them being a moratorium of the Standard Fixed Rate

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Reverse Mortgage News

Reverse Mortgages Pros New Micro-Loan Launches as Reverse Mortgage Foreclosure Rescue In light of an increasing focus on tax and insurance defaults among reverse mortgage borrowers, one counseling agency is dong its part to rescue struggling borrowers through a short-term

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Reverse Mortgage News

Reverse Mortgages Pros Reverse Mortgages and Mick Jagger Make Letterman Appearance This week, Mick Jagger delivered David Letterman’s famed “Top-10″ list on Letterman’s show. Making an appearance in the No. 5 spot of the ”Top Ten Things I, Mick Jagger, Have

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Reverse Mortgage News

Reverse Mortgages Pros AAG Launches New Fred Thompson Reverse Mortgage Ad Campaign American Advisors Group today announced the launch of new reverse mortgage commercials featuring spokesman Sen. Fred Thompson. The new ads, which begin airing this week, feature the former

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Reverse Mortgage News

Reverse Mortgages Pros Inman News: Don’t Bet on an FHA Bailout Changes to the Federal Housing Administration’s (FHA) negative $16 billion mortgage portfolio will not affect most borrowers, according to Inman News. Following the results of the independent audit, FHA

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