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”

• HUD Implements HECM Counseling Roster and Testing Standards

  
  Reverse Mortgage Daily — Authority: 137
  In an effort to strengthen reverse mortgage counseling, the US Department of Housing and Urban Development published Mortgagee Letter 2009-47 to implement the HECM Counselor Roster and testing standards used to qualify counselors. According to ML 09-47, HECM counselors who took and passed the exam on or before ...
  14 hours ago

• FHA Issues New Condo Guidelines for Reverse Mortgage Lenders

  
  Reverse Mortgage Daily — Authority: 137
  The US Department of Housing and Urban Development issued new condominium lending guidelines that go into effect Dec. 7, 2009.  However, the agency is making several temporary exceptions to the new rules due to the "volatility" in the condo market. The new Federal Housing Administration (FHA) policies included in ...
  1 day ago

• MetLife Reverse Mortgage Acquisition Helps Increase Bank Revenue

  
  Reverse Mortgage Daily — Authority: 137
  MetLife reported a $620 million quarterly loss driven by $1.4 billion in investment losses which included $857 million of derivative losses.  MetLife Chief Executive C. Robert Henrikson said operating earnings increased 18% from the year-earlier quarter "despite the current economic challenges." Sales increased ...
  1 day ago

• Older Worker Unemployment Rate Better than Others, but Seniors Still Struggling

  
  Reverse Mortgage Daily — Authority: 137
  The New York Time’s recently reported that there are more Americans 65 and older in the job market today than at any time in history, 6.6 million, compared with 4.1 million in 2001. Less well known, though, is that nearly half a million workers 65 and older want to work but cannot find a job says the Times.  This ...
  1 day ago

• Website Provides Reverse Mortgage Training Using Interactive Video

  
  Reverse Mortgage Daily — Authority: 137
  Kevin Reichard released a new online training website for reverse mortgage originators and lenders.  Kevin Reichard Live provides users with a searchable and customizable library of training videos created by Reichard.  “Reverse mortgage training is something that every company needs in order to grease the ...
  1 day ago

• MetLife Reverse Mortgage Acquisition Helps Increase Bank Revenue

  
  Mortgage online — Authority: 158
  MetLife reported a $620 million quarterly loss driven by $1.4 billion in investment losses which included $857 million of derivative losses.
  1 day ago

• Sponsored Reverse Mortgage Podcast: The “Greenback Effect” on Seniors

  
  Mortgage online — Authority: 158
  Reverse Fortunes Weekly Podcast Episode #76 The "Greenback Effect".
  1 day ago

• Types for Reverse Mortgage

  
  Finance Guide — Authority: 110
  There are various types of a reverse mortgage . The names are solitary point reverse mortgages, federally covered reverse mortgages and 2 FTC type. Solitary point reverse mortgages are the part of state as well as local administration of government. It is also the part of nonprofit groups.  Federally covered reverse ...
  3 days ago

• Top Reverse Mortgage Lenders Through October 2009

  
  Reverse Mortgage Daily — Authority: 137
  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 ...
  4 days ago

• Fannie Mae Reverse Mortgage Portfolio Grows, Market Share Shrinks

  
  Reverse Mortgage Daily — Authority: 137
  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.  ...
  4 days ago

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

  
  Reverse Mortgage Daily — Authority: 137
  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; ...
  4 days ago

• HUD Reaches Tentative Settlement with Reverse Mortgage Lender Over Violations

  
  Reverse Mortgage Daily — Authority: 137
  The US Department of Housing and Urban Development announced its Mortgagee Review Board (MRB) is imposing civil money penalties against two FHA approved lenders in  Wisconsin and Connecticut for a variety of violations of FHA lending and marketing standards. In addition, the MRB reached tentative settlements with ...
  5 days ago

• Fannie Mae and FHA Boost Net Worth Requirement for Reverse Mortgage Lenders

  
  Reverse Mortgage Daily — Authority: 137
  Independent reverse mortgage bankers are facing increased net worth requirements which could change the way they currently operate. Fannie Mae announced earlier this week that it was increasing the minimum required net worth required for approved sellers to $2.5 million, plus 0.25% of the outstanding principal ...
  5 days ago

• Fannie Mae and FHA Boost Net Worth Requirement for Reverse …

  
  Mortgage online — Authority: 158
  Independent reverse mortgage bankers are facing increased net worth requirements which could change the way they currently operate. Fannie Mae ...
  5 days ago

• Sun West Re-Launching Warehouse Line Division

  
  Reverse Mortgage Daily — Authority: 137
  Sun West Mortgage Company sent out a notice to its reverse mortgage brokers that HECM loans with FHA case numbers dated on or after 10/1/09 will no longer receive pricing adjustments for properties located in a range of states which you can see below: Type Old Pricing New Pricing Properties located in GA, ...
  5 days ago

• Lenders Looking to Hire Reverse Mortgage Professionals

  
  Reverse Mortgage Daily — Authority: 137
  Reverse mortgage companies are looking to expand, check out the latest jobs from Reverse Mortgage Jobs Online : Reverse Mortgage Originator (Miami Lakes) Mortgage Bankers of Florida Loan Officer   (Florida) Christensen Financial Reverse Mortgage Specialist (Nationwide) Financial Freedom ...
  5 days ago

• Are States Now Listening to Reverse Mortgage Advocates?

  
  Reverse Mortgage Daily — Authority: 137
  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 ...
  6 days ago

• Interview: Jeff Taylor Discusses Reverse Mortgage Data and Growth

  
  Reverse Mortgage Daily — Authority: 137
  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 ...
  6 days ago

• HUD Updates Reverse Mortgage Servicing FAQ

  
  Reverse Mortgage Daily — Authority: 137
  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 ...
  6 days ago

• Reverse Mortgage Solutions Forms REO Suite of Services

  
  Reverse Mortgage Daily — Authority: 137
  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 ...
  6 days ago

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