HECM

Welcome to the 'HECM' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'HECM'.

Latest blogosphere posts tagged “HECM”

• First Mariner Bank May Sell Reverse Mortgage Division

  
  Reverse Mortgage Daily — Authority: 140
  First Mariner Bank entered into a profit sharing agreement with a private company related to its reverse mortgage division Next Generation Financial Services (NGFS) and may result in the acquisition of NGFS if certain requirements are satisfied within the next 18 months.  According to a filing with the ...
  16 hours ago

• Lender Subordinates Loan for Senior to Make Reverse Mortgage Work

  
  Reverse Mortgage Daily — Authority: 140
  HeraldNet writer Tom Kelly brings up a great point in his column over the weekend when he says that Seniors find a way by asking, ‘What’s possible?’ . While the question might seem simple, Kelly writes that it can spark critical conversations in senior households, especially when times are tough and cash is ...
  16 hours ago

• Choice Home Mortgage Adds to Exclusive Reverse Mortgage Group

  
  Reverse Mortgage Daily — Authority: 140
  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 senior groups and government agencies. "The Reverse Mortgage is far more ...
  16 hours ago

• HUD Notice Asks Serious Questions About Use of Reverse Mortgage Proceeds

  
  Reverse Mortgage Daily — Authority: 140
  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-Family Program Development at HUD. Burns spoke at the National ...
  1 day ago

• Financial Freedom Takes Top Wholesale Lender Title for FY 2009

  
  Reverse Mortgage Daily — Authority: 140
  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 endorsements totaled 60,798, dropping just under 1% from FY 2008.  ...
  1 day ago

• Mortgage Cadence Adds Compliance Modeling to Origination Platform

  
  Reverse Mortgage Daily — Authority: 140
  Mortgage Cadence announced significant enhancements to its compliance support services, specifically adding one-of-a-kind “Compliance Modeling” to the Mortgage Cadence Orchestrator platform. This compliance approach provides reverse mortgage lenders with the expertise and compliance automation tools needed to ...
  1 day ago

• Fannie Mae Pricing Brings More Diverse Investor Base

  
  Reverse Mortgage Daily — Authority: 140
  The secondary market for reverse mortgages is welcoming the expansion of adjustable rate securitizations through Ginnie Mae’s HMBS (HECM MBS) program. Leading the way for its sheer size is Bank of America, which is producing $200 million to $300 million a month in fixed and adjustable HMBS, according to Alan Cates, ...
  2 days ago

• Reverse Mortgage Lender Names New CEO

  
  Reverse Mortgage Daily — Authority: 140
  Next Generation Financial Services announced that Robert Cannon has joined the company as its Chief Executive Officer.  Cannon succeeds acting President Richard Pitbladdo, who will continue to serve as CFO. Prior to joining NGFS, Cannon was a principal of the Equitas Group , a group of companies he founded that ...
  2 days ago

• AARP Showing More Support for Reverse Mortgage Industry

  
  Reverse Mortgage Daily — Authority: 140
  Over the past few weeks I’ve been seeing hearing from more people about their frustration with AARP and their support (or lack there of) for reverse mortgages. Whether or not you like AARP, the organization has been supportive of the program and the industry.  For example, while most people are quick to say that ...
  3 days ago

• Reverse Mortgage Industry Needs Housing to Bottom, Fiserv Says Not Yet

  
  Reverse Mortgage Daily — Authority: 140
  Lately, I’ve been thinking more about what needs to happen for reverse mortgage volume to grow and while I’m not sure there is any “silver bullet”, housing values bottoming out is pretty close. Principal limits have been cut and without housing values stabilizing, seeing record growth in 2010 is going to be a ...
  3 days ago

• EquiPoint Receives Private Investment, Plans for Growth

  
  Reverse Mortgage Daily — Authority: 140
  EquiPoint Financial Network (EFN) announced it has partnered with private investor Michael White and Hibernia Capital Advisors to enhance the company’s capitalization, management and strategic planning efforts. Hibernia Capital Advisors and its principals bring an extensive knowledge of banking, investment and ...
  4 days ago

• HUD Selects RMS Technology to Fulfill HECM Service Provider Contract

  
  Reverse Mortgage Daily — Authority: 140
  The federal government has selected the Reverse Mortgage Solutions core servicing system known as STORM (Servicing Technology on Reverse Mortgages) to fulfill HUD’s Home Equity Conversion Mortgage (HECM) Service Provider (SP) contract. The solution will replace the existing Insurance Accounting Collection Systems ...
  4 days ago

• HECM Counselors Must Pass HUD-Approved Exam

  
  Reverse Mortgage Guide — Authority: 117
  Reverse mortgage counselors must pass HUD-approved exam approved on the agency’s list of Home Equity Conversion Mortgage ( HECM ) counselors. The Department of Housing and Urban Development set up the HECM list due to complaints that some housing counselors are not knowledgeable about reverse mortgages. ...
  4 days ago

• Neighborworks Gets Grant For Reverse Mortgage Mortgage Education Product

  
  Reverse Mortgage Daily — Authority: 140
  NeighborWorks America announced that it received $4,860,802 in funding from the U.S. Department of Housing and Urban Development to help support training and certification opportunities for thousands of counselors from HUD-approved nonprofit counseling agencies. “The grants announced by Secretary Donovan provide ...
  4 days ago

• Reverse Mortgage Lender Offers Education for Attorneys Through CLE Class

  
  Reverse Mortgage Daily — Authority: 140
  Upstate Capital announced a new continuing legal education (CLE) class to provide attorneys with information about reverse mortgages.  Reverse Mortgages in a Nutshell: Introduction to a HECM is being offered online by the National Academy of Continuing Legal Education . The class is meant to provide an ...
  4 days ago

• HUD Asks Board to Exercise Restraint in Enforcing New RESPA Requirements

  
  Reverse Mortgage Daily — Authority: 140
  The US Department of Housing and Urban Development (HUD) announced that the first four months of 2010, the staff of the Mortgagee Review Board (MRB) will exercise restraint in enforcing new regulatory requirements under the Real Estate Settlement Procedures Act (RESPA) , due to take full effect on January 1. The ...
  1 week ago

• Fighting Reverse Mortgage Attacks

  
  Reverse Mortgage Daily — Authority: 140
  Like the prize-fighter hit with yet another haymaker, the reverse mortgage industry awoke one Sunday morning last month to a scathing story about the perils of reverse mortgages. What made this “punch” sting just a bit more was the arena: “Parade Magazine,” read by more than 72 million Americans, half of whom ...
  1 week ago

• Ginnie Mae Buyout Requirements Put Pressure on Servicers

  
  Reverse Mortgage Daily — Authority: 140
  As the reverse mortgage industry increases its reliance on Ginnie Mae’s HMBS program, Broker Universe describes how buyout requirements could take a toll on servicers once HECM-securitized loans come to maturity in a few years. "The reverse product we are working today [requires] a whole different look at the ...
  1 week ago

• Social Networks Raise Serious New Challenges for Regulators says FINRA

  
  Reverse Mortgage Daily — Authority: 140
  Recently Reuters reported that the Financial Industry Regulatory Authority formed a task force to determine how it can use social networking to “improve the flow of information between firms and their customers” without compromising investor protection. Wall Street bankers and analysts increasingly want to ...
  1 week ago

• Reverse Mortgage Product Improves in India

  
  Reverse Mortgage Daily — Authority: 140
  Despite reverse mortgages not taking off it India , banks recently improved the product by allowing homeowners to receive regular monthly payments until death.  Prior to the change, there was a 20-year cap on payments from the time of entering into the arrangement with the lender. According to the Financial ...
  1 week ago

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