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Reverse Mortgage Daily

Inside the Reasons Why Seniors Choose the HECM for Purchase
Reverse Mortgage Daily
Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has ...

New Consumer Brochure from National Reverse Mortgage Lenders ...
PR Newswire (press release)
WASHINGTON, June 15, 2018 /PRNewswire-USNewswire/ -- The National Reverse Mortgage Lenders Association is proud to participate in World Elder Abuse ...

and more »

HUD's equity conversion mortgage like a 'home pension'
Santa Fe New Mexican
The home equity conversion mortgage, or HECM, is the reverse-mortgage option of the U.S. Department of Housing and Urban Development. It was introduced in 1989 and became permanent in 1998. HUD is charged with oversight and implements ...

Kiplinger's Personal Finance

The Reverse Mortgage Quiz: Test Your Knowledge
Kiplinger's Personal Finance
When I talk with consumers and financial advisers about retirement income planning, the value of home equity is one big piece of the puzzle that is often overlooked. The reality is that home equity is America's largest retirement asset. For most ...

Reverse Mortgage Daily

Servicers Offer Tips on Handling Reverse Mortgage Repair Requirements
Reverse Mortgage Daily
At face value, it could seem like a small issue: A borrower might need to make a few minor repairs on a property in the weeks and months after securing a reverse mortgage to bring it up to the Department of Housing and Urban Development's standards.

Reverse Mortgage Daily

Six Tips for Building a Reverse Mortgage Referral Network
Reverse Mortgage Daily
In today's rocky reverse mortgage landscape, it's clear that a strong referral network is a major component to success. With profit margins shrinking, there's little room in the budget for lead buys and marketing, and those who can cut costs by ...

Reverse Mortgage Daily

FAR Rolls Out 'Flex' Option for HomeSafe Jumbo Reverse Mortgage
Reverse Mortgage Daily
Finance of America Reverse on Tuesday formally introduced updated features for its proprietary HomeSafe reverse mortgage, joining the growing wave of new private product options hitting the marketplace this year. The HomeSafe Flex option will allow ...

Reverse Mortgage Daily

Reverse Mortgages Help Curb Retirement Risk for Divorced Women
Reverse Mortgage Daily
Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties' retirement futures at risk — and how home equity benefits one ...

Reverse Mortgage Daily

Kiplinger Highlights Common Reverse Mortgage Questions in Quiz
Reverse Mortgage Daily
Prominent retirement writer Jamie Hopkins took a novel approach to tackling common reverse mortgage misconceptions for Kiplinger this week, formatting the discussion as a 10-question quiz. The exercise covers such common topics as whether or not the ...


Big changes at CIT: Exits reverse mortgage and servicing ...
CIT Group's exit from the reverse mortgage business is now complete, but that's not the only big change for the bank. CIT Group, the parent company of CIT Bank ...
CIT Closes Financial Freedom Sale, Exits Reverse Mortgage MarketReverse Mortgage Daily

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