Archive for April, 2008
HECM Activity Shows Moderate Rebound But Still Disappoints
HECM Activity Shows Moderate Rebound But Still Disappoints,
October HECM activity rebounded somewhat from the sharp falloff seen in September, but remained well below the 12-month average. According to HECM MIC reports recently issued by HUD, 8,417 HECMs were endorsed in October, a 9% increase from September’s total of 7,695. But the October total [...]
Tips For Avoiding Reverse Mortgage Scams
Tips For Avoiding Reverse Mortgage Scams,
We came across a truly useful book the other day: Scam Proof Your Life (377 Smart Ways to Protect You & your Family From Ripoffs, Bogus Deals & Other Consumer Headaches). The book is written by Sid Kirchheimer, “AARP’S Scam Alert Expert” and contains a wealth of practical [...]
Interesting Info About Financial Freedom Reverse Mortgage Operations
Interesting Info About Financial Freedom Reverse Mortgage Operations,
We came across a recent press release that included a few interesting tidbits about the Financial Freedom reverse mortgage operations, the recognized industry leader (at least in terms of loan volume):
As of June 30, 2007, Financial Freedom serviced a portfolio of 131,315 loans with an outstanding principal balance [...]
Crucial Reverse Mortgage Facts No Is Telling You About
Crucial Reverse Mortgage Facts No Is Telling You About,
Recently, we’ve spent time catching up on some reading. There have been a number of good articles on reverse mortgages published recently by respected sources like Kiplinger and others. A new book on reverse mortgages (The Complete Guide to Reverse Mortgages), has also hit bookstores [...]
FHA UNDERWRTING AVAILABLE
FHA UNDERWRITING AVAILABLE
Ocala, FL, April 7, 2008 - American Reverse Mortgage®, announced today that it is launching a new division, USA Underwriters. This new division will use Direct Endorsement (DE) Underwriters to underwrite a variety of FHA loans including all forward and reverse products. The current staff of DE Underwriters [...]
Zillow announces Mortgage Marketplace
TechCrunch reports how online real estate leader Zillow Disrupts Lending Market With Mortgage Marketplace - … Zillow cites a Harris Interactive study showing that it’s more important for borrowers to keep their contact info private than to find the best rates. Web 2.0 applications have come a long way to bringing much needed tranparency into [...]