Archive | Reverse Mortgages

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Article on the Reverse Mortgage Changes

This information was sent to me by Howard Kirschner, one of our instructors and local RM pundit. Thank you, Howard. In our recent article dated July 26, 2017, we indicated that a new administration in Washington marks a time of uncertainty and uneasiness as people try to guess what the new policies will be.  The announcements made […]

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Reverse Mortgages Are Changing Again

HUD In Their Infinite Wisdom Has Changed The Reverse Mortgage Procedures And Regulations Again The easiest way to describe this is to post a letter that I wrote to DGE’s outstanding speakers about the changes. This is what I thought MLO CE instructors should cover with their students. Enjoy. SOURCE: HUD MORTGAGEE LETTER 2017-12, Aug […]

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Reverse Mortgage Changes

2015 Reverse Mortgage Changes

HUD has been discussing changes to Reverse Mortgages for a long time. Many changes have already been introduced such as limits on the amount someone can receive in year one, waiting periods, etc. All of the changes are designed to protect consumers from making risky decisions. One procedure has been discussed since 1/13/2004 and promulgated […]

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