reverse mortgage | firsttuesday Journal

Mortgage Concepts: Steering homeowners to preferred counselors on HECMs

by ft Editorial Staff | Apr 17, 2023 | Loan Products, Mortgages, Video | 0

This Mortgage Concepts explainer video breaks down counseling requirements for consumers considering a Home Equity Conversion Mortgage (HECM).

Mortgage Concepts: Reverse mortgage obligations

by ft Editorial Staff | Dec 5, 2022 | Laws and Regulations, Loan Products, Mortgages, Real Estate | 0

This video breaks down the obligations reverse mortgage borrowers need to fulfill to avoid default.

MLO Mentor: The HECM reverse mortgage

by ft Editorial Staff | Jan 28, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses the facts and features of reverse mortgages.

Mortgage Concepts: What triggers repayment of a reverse mortgage?

by ft Editorial Staff | Dec 30, 2021 | Feature Articles, Mortgages, Real Estate, Video, Your Practice | 0

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that trigger repayment of a reverse mortgage.

What triggers repayment of a reverse mortgage?

by ft Editorial Staff | Jun 21, 2019 | Finance, Laws and Regulations, Real Estate | 0

An overview of the circumstances that trigger repayment of a home equity conversion mortgage.

FHA tightens the reins on reverse mortgage lending — again

by Matthew Taylor | Jan 12, 2015 | Feature Articles, Finance, Laws and Regulations, Real Estate | 1

FHA reverse mortgage applicants now have to prove they can carry property costs.

Counseling requirements for reverse mortgages applicants

by ft Editorial Staff | Nov 4, 2014 | Laws and Regulations, New Laws, Real Estate | 0

Calif. Civil Code §§1923.2 and 1923.5 Amended by A.B. 1700 Effective date: January 1, 2015 A...

FARM: Reverse mortgage smarts

by Carrie B. Reyes | Oct 10, 2013 | FARM Letters, Loan Products, Real Estate | 0

Thinking about a reverse mortgage? Here’s what you need to know to find the best use for your home’s equity.

Changes ahead for reverse mortgages

by Carrie B. Reyes | Sep 23, 2013 | Loan Products, Real Estate | 0

Taking out a reverse mortgage isn’t as easy as it used to be. The Federal Housing Administration...

FHA nixes popular reverse mortgage program

by ft Editorial Staff | Feb 12, 2013 | Loan Products, Real Estate | 6

The Federal Housing Administration (FHA) will no longer insure “standard” reverse mortgages through its Home Equity Conversion Mortgage (HECM) program. Standard reverse mortgages allow seniors 62 years and older to draw out…

In person reverse mortgage counseling required

by Greg Huitrado | Jan 4, 2013 | Finance, Loan Products, New Laws, Real Estate | 0

This act requires reverse mortgage counseling occur in person unless the borrower selects another method.

Be an industry advocate: reverse mortgages

by Carrie B. Reyes | Aug 6, 2012 | Economics, Loan Products, Reader Polls, Real Estate | 3

Do you think reverse mortgages should receive more regulatory oversight? Yes. (66%, 31 Votes) No....

Reverse mortgages may be a gilded ticket in the golden years

by Connor P. Wallmark | Apr 24, 2009 | Loan Products, Real Estate | 0

Homeowners age 62 or more wanting to downsize into a smaller, more manageable home can have their cake and eat it too by receiving a flow of income when they relocate. Of course, to be viable, their current larger-than-necessary...