Monthly Archives: April 2013

Reverse Mortgage News

Reverse Mortgages Pros Study: Americans Are In Major Denial About Long Term Care Despite having several concerns about the possibility of aging and losing independence, few Americans aged 40 and older actually take action to plan for their future long-term

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Reverse Mortgage News

Reverse Mortgages Pros Friday Round-Up: Reverse Lenders to Consolidate? HUD Closes Regional Offices In case you missed it…here’s what happened in reverse mortgage news this week.  Will regulatory changes force reverse lenders to consolidate? While the reverse mortgage industry has been

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Reverse Mortgage News

Reverse Mortgages Pros CFPB Defends Consumer Research, Senator Says it’s “Creepy” Consumer Financial Protection Bureau Director Richard Cordray today came under scrutiny from the Senate Banking Committee as to how much research into consumers’ finances is “too much.”  Saying the

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Reverse Mortgage News

Reverse Mortgages Pros Will Reverse Mortgage Lenders Consolidate to Stay In the Game? On the heels of several high-profile reverse mortgage acquisitions as well as the loss of the most popular reverse mortgage product, lenders may be looking to consolidate

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Reverse Mortgage News

Reverse Mortgages Pros Three More States Get on Board With Uniform State LO Test Three additional state agencies announced this week that they will join a nationwide mortgage loan officer test, according to the Mortgage Bankers Association (MBA).  The Indiana

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Reverse Mortgage News

Reverse Mortgages Pros Study: Housing Counseling Demand Reaches Record Levels Counseling referrals through the first quarter of 2013 it at record levels, according to a study conducted by MortgageKeeper Referral Services. Homeowners received more than 300,000 requests for local assistance

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Reverse Mortgage News

Reverse Mortgages Pros HUD Points to Reverse Mortgages, Analysts See Industry Boom in Store Reverse Focus Weekly Podcast Episode #253 In this week’s Reverse Focus podcast, the Department of Housing and Urban Development (HUD) Secretary Shaun Donovan says reverse mortgages

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Reverse Mortgage News

Reverse Mortgages Pros Friday Round-Up: FHA Could Face Bailout Due to Reverse Mortgage Losses In case you missed it… here’s what happened in reverse mortgage news this week.  Reverse mortgages took heat for a potential bailout of FHA. As detailed

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Reverse Mortgage News

Reverse Mortgages Pros FHA May Need $943 Million to Cover Reverse Mortgage Losses The Federal Housing Administration may need a capital infusion of $943 million in taxpayer funds, housing officials said Wednesday, following the release of the President’s 2014 budget. The

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Reverse Mortgage News

Reverse Mortgages Pros NY Times: Co-Ops Skittish About Reverse Morgages There has long been a question about whether reverse mortgages will ever become widely available under co-ops, as many of the aging population resides among co-ops in major cities like

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