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 […]
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 […]
Hell or High Water is My Top Pick The movie Hell or High Water was nominated for the Oscar Award, but lost first to La La Land and finally to Moonlight. It still is first in my list for the year. In the movie, two West Texas brothers rob banks so that they can pay […]
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 […]
“Due to a delay in delivery of certain system enhancements required to support the policies published in Mortgagee Letters 2014-21 and 2014-22, compliance with the financial assessment and property charge funding option requirements is now effective for HECM case numbers issued on or after April 27, 2015. The next time I have a deadline like […]
