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More Outreach and Innovative Approaches to Reverse Mortgages Needed
2 hours ago ago from Reverse Mortgage Daily
A growing need for reverse mortgages should be met by a more vigorous outreach by lenders. That’s the thesis coming from those on the front lines. John Brodey of Sequoia Pacific Mortgage in Santa Rosa, Calif., says he’s counted “4,600 senior homeowners alone [here] who are in default on their mortgages and on course to lose their homes. Many of them will require a more aggressive and innovative solution to closing the gap between ...
Related contentHope for increased mortgage competition ?
20 hours ago ago from Interest Rate News
This week Westpac announced a $1 billion residential mortgage backed securitisation transaction (RMBS). Whilst it might seem odd to point to an transaction by one of the big 4 banks as a sign of increasing competition, it is an important signal that the RMBS market is starting to recover properly. This graph is from a speech by Guy Debelle at the RBA on the securitisation market. The effect of the decline of the market on mortgage ...
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15 hours ago ago from NationalMortgageProfessional.com | Daily Mortgage Industry News
Subscribe : Username: * Password: * SIGN UP | Forgot Password? Residential Commercial Reverse Originations Compliance Marketing Sales Secondary Servicing Technology Trends Home influenced View Content Track Contact Public Profile View Tue, 2009-12-15 09:30 — influenced Account Details First Name: ...
Related contentThe Mortgage Broker-Loan Officer Financial Stimulus Program is Now Available
5 hours ago ago from Frankyoung.net
Just in case you have missed all of the positive press about it the mortgage industry's quiet little secret is slowly becoming common knowledge, and a super hot subject at the water cooler. In spite of the fact that every effort has been made to keep the details of this program low-key and with little or no fanfare the program is very much alive and well, and is gaining momentum. Mortgage Brokers and Loan Officers that are ...
Related contentNew Regulations For Reverse Mortgage Counselors
21 hours ago ago from Independent Mortgage Information
The Department for Housing and Urban Development (the HUD) and the Federal Housing Administration (the FHA) which are the Federal departments in charge of regulating and guaranteeing Reverse Mortgages and the Reverse Mortgage Industry. They have just introduced some new rules and regulations for Reverse Mortgage Counselors.
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