Financial Assessment for Reverse Mortgages Looks Better and Better. Financial Assessment is still working, only more so. The Federal Housing Administration’s new policy of requiring financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by nearly three-quarters and serious defaults by almost two-thirds. These results are even better than the […]
HECM Limit Cap
Trump’s Proposed Budget Would Lift Reverse Mortgage Cap. by Alex Spanko The Trump administration’s proposed 2018 budget for the Department of Housing and Urban Development would eliminate the cap on the number of reverse mortgage loans. “This change supports the significant improvements that have been made to the program to reduce risk to the MMI […]
Realizing Peoples Needs
Realizing Peoples Needs. I found this in the Chicago Tribune. Written by Benny L. Kass. Benny is known for badmouthing Reverse Mortgages until now…….. Q: We need money to pay for some personal matters. We are both 65 years old and have a small mortgage on our house but have plenty of equity. We are […]
Scam Prevention
Scam Prevention. FDIC Issues Updates to Elder Scam-Prevention Program The government has always considered seniors a protected class, making sure they don’t get scammed and I am a big proponent of that myself. I have told my clients before to go put this money in a new bank you have never been to before because […]
India’s Reverse Mortgage
India’s Reverse Mortgage. Reverse Mortgage Alabama brings you news from India’s economic times, where they also have a different type of Reverse Mortgages. Should you reverse mortgage your home in wake of fall in interest rates? Find out There was a lot of expectation when reverse mortgage, a scheme that allows people aged 60 and […]
Global Reverse Mortgage
Global Reverse Mortgage. Reverse Mortgage Alabama. Birmingham. Interesting article I found; most people do not know that Reverse Mortgages are done in other countries as well as the U.S. such as Canada, Hong Kong, United Kingdom, Australia, South Korea, China, and this article is from India’s largest citizen journalism based news platform. Most countries are […]
