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”

• Top Reverse Mortgage Lenders Through October 2009

  
  Reverse Mortgage Daily — Authority: 435
  Overall reverse mortgage industry volume fell 7.4% in October 2009, coming in at 8,772 units, bringing YTD volume to 95,902 according to data from Reverse Market Insight .  Below is a list of the top HECM lenders through October 2009 and be sure to take a look at the commentary and link below which goes into more ...
  1 day ago

• Fannie Mae Reverse Mortgage Portfolio Grows, Market Share Shrinks

  
  Reverse Mortgage Daily — Authority: 435
  The reverse mortgage portfolio of  Fannie Mae grew from $41.6 billion as of December 31, 2008 to $49.8 billion as of September 30, 2009 according to its 3Q SEC filing . The GSE estimates its market share of the total market of reverse mortgage loans outstanding was approximately 90% as of December 31, 2008.  ...
  1 day ago

• Over Half of Households Risk Being Able to Maintain Standard of Living in Retirement

  
  Reverse Mortgage Daily — Authority: 435
  The National Retirement Risk Index (NRRI) showed that 51% of households are at risk of not being able to maintain their standard of living in retirement.  According to the Center for Retirement Research at Boston College report, the NRRI jumped from 7% from last year due to: the bursting of the housing bubble; ...
  1 day ago

• Are States Now Listening to Reverse Mortgage Advocates?

  
  Reverse Mortgage Daily — Authority: 435
  Continued legislative activism around reverse mortgages at the state level featured a new law passed last month in California that requires reverse mortgage lenders to provide “additional, clear information to senior consumers interested in reverse mortgage products.” Among its specific provisions, the new law ...
  3 days ago

• Interview: Jeff Taylor Discusses Reverse Mortgage Data and Growth

  
  Reverse Mortgage Daily — Authority: 435
  After stepping down from his position as the head of Wells Fargo’s reverse mortgage business , Jeff Taylor announced that he was joining Reverse Market Insight as Chairman to help expand the companies consulting business. With HUD’s decision to reduce the principal limits for its FHA insured reverse mortgage ...
  3 days ago

• HUD Updates Reverse Mortgage Servicing FAQ

  
  Reverse Mortgage Daily — Authority: 435
  The Department of Housing and Urban Development updated its Frequently Asked Questions (FAQ) document for HECM servicers to include additional guidance on short sale closing costs. The most recent question addressed in the new FAQ is below. Q:  What closing costs will HUD allow to be deducted from HECM sales ...
  3 days ago

• Reverse Mortgage Solutions Forms REO Suite of Services

  
  Reverse Mortgage Daily — Authority: 435
  REO Leasing Solutions (R2L) has introduced a suite of services to assist property investors with leasing distressed assets and reinstating value to those troubled assets.  The company is a wholly owned subsidiary of reverse mortgage servicer, Reverse Mortgage Solutions .  Utilizing a consumer-focused approach to ...
  3 days ago

• HUD: Over $29 Billion of Reverse Mortgage Volume in 2009

  
  Reverse Mortgage Daily — Authority: 435
  The latest FHA Outlook Report provides some interesting insight into the Home Equity Conversion Mortgage (HECM) program for FY 2009.  While the industry experienced another record year of volume, data shows it wasn’t due to a flood of new reverse mortgage borrowers. Overall, reverse mortgage lenders originated ...
  4 days ago

• REMO Live Adds New Features to Reverse Mortgage CRM System

  
  Reverse Mortgage Daily — Authority: 435
  Launched earlier this year , reverse mortgage CRM provider REMO Live has signed up over 30 different lenders, most having around 10-20 users each said Ali Redjai, CEO of REMO Live. After a successful launch, the company is rolling out a new set of features to help reverse mortgage originators streamline the ...
  4 days ago

• MetLife Bank CEO Named to Most Powerful Women in Banking List

  
  Reverse Mortgage Daily — Authority: 435
  MetLife Bank’s chief executive officer Donna Demaio was named as one of American Banker’s Most Power Woman in Banking.  Coming in at #14, Demaio has been busy taking advantage of opportunities left from the mortgage crises by purchasing EverBank’s Reverse Mortgage division and First Horizon home loans and ...
  4 days ago

• LTC Global Increases Investment in Reverse Mortgage Lender, Names New President

  
  Reverse Mortgage Daily — Authority: 435
  Next Generation Financial Services (NGFS) sent a notice to employees stating that LTC Global Inc. has increased its investment in the company to a majority stake.  Along with the investment, NGFS’s parent company First Mariner Bank named Richard Pitbladdo as acting President. Pitbladdo is a co-founder and CFO ...
  5 days ago

• Could Google Become the Leading Reverse Mortgage Lead Provider?

  
  Reverse Mortgage Daily — Authority: 435
  While Google already helps reverse mortgage lenders generate leads through Pay Per Click (PPC) ads, the search engine announced it was starting to test Comparison Ads. The new format allows user to compare multiple relevant offers and make ads more  useful for users.  Comparison ads also helps advertisers reach the ...
  5 days ago

• Congress Passes Extension of Higher Reverse Mortgage Loan Limits

  
  Reverse Mortgage Daily — Authority: 435
  Late last night, the House and Senate passed an extension of the $625,500 loan limit for reverse mortgages through December 31, 2010.  Loan limits for the Home Equity Conversion Mortgage (HECM) would’ve returned to $417,000 at the end of the year if the extension wasn’t passed. Also included in the continuing ...
  1 week ago

• HUD Acts to Permanently Withdraw Reverse Mortgage Lenders FHA …

  
  Mortgage online — Authority: 158
  The US Department of Housing and Urban Development announced its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a reverse mortgage lender based in Honolulu, ...
  1 week ago

• HUD Acts to Permanently Withdraw Reverse Mortgage Lender’s FHA Approval

  
  Reverse Mortgage Daily — Authority: 435
  The US Department of Housing and Urban Development announced its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a reverse mortgage lender based in Honolulu, Hawaii. HUD’s MRB alleges the Company failed to implement an FHA-required quality ...
  1 week ago

• Reverse Mortgage: Trick Or Treat?

  
  Reverse Mortgage Daily — Authority: 435
  Leave it to a witty journalist to get creative around Halloween by writing a story like Trick or treat: Reverse mortgages can be foreclosures in disguise . TampaBay.com writer James Thorne writes that: Right in time for Halloween comes a topic right out of the ghoul’s guide to mortgage lending: Reverse ...
  1 week ago

• Reverse Mortgage Securitization Moves Beyond Needs Based Seniors

  
  Reverse Mortgage Daily — Authority: 435
  Housingwire sat in on a reverse mortgage securitization session at the Information Management Network’s 15th annual ABS East conference in Miami and writes that over the last two years the structure has moved beyond the needs-based senior and now see a significant mix of borrowers tapping into the market. ...
  1 week ago

• People Researching Reverse Mortgages Jumps Almost 90% Says Data

  
  Reverse Mortgage Daily — Authority: 435
  Results from Golden Gateway Financial’s reverse mortgage calculator showed that falling home values continue to negatively impact the amount of money available to Americans through a reverse mortgage. Despite falling home values, the company also reported a increase of nearly 90 percent in the number of ...
  1 week ago

• Survey Shows Americans Lack Overall Understanding of Long Term Care

  
  Reverse Mortgage Daily — Authority: 435
  Overall, Americans did not do well on a survey of their long-term care knowledge according to MetLife Mature Institute (MMI) .  According to a recent survey, most know what long-term care is and how much it costs, but their scores fall short regarding how many people will need it and how they will pay for it. The ...
  1 week ago

• Appropriations Resolution Would Extend Higher Reverse Mortgage Loan Limits

  
  Reverse Mortgage Daily — Authority: 435
  Appropriations committees in the House and Senate are proposing to extend temporary higher limits on the size of home mortgages Fannie Mae (FNM) and Freddie Mac (FRE) can buy or guarantee as part of a stopgap funding legislation that could pass Congress as soon as this week said the Wall Street Journal .  ...
  1 week ago

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