Reverse mortgages

The Lenders' Choice Award commends the technology provider that offers the best customer service, value proposition and overall user experience. The winner is selected by a vote of industry professionals from mortgage lending and servicing institutions. Learn about this year's finalists and see who won the 2014 MT Award.

A group of 17 Congressional Democrats sent a letter to Department of Housing and Urban Development Secretary Julian Castro, calling for more foreclosure protections for Home Equity Conversion Mortgage borrowers' spouses.

The Federal Housing Administration could finally get something it desperately needs: upgrades to its outdated technology infrastructure. But industry groups object to the new fee being proposed to generate the necessary funding.

Most lenders are said to be embracing the regulatory changes being made to the home equity conversion mortgage, but for Generation Mortgage those changes meant too much risk and lower margins.

Reverse mortgage lenders welcome new protections that will screen out seniors who don't have the capacity to meet their obligations to pay property taxes and hazard insurance.

Despite policy changes that apply to new reverse mortgages, the rights for existing spouses of deceased borrowers remain unclear and subject to change until HUD and litigants agree on a final policy in line with court directives.

The giant servicer picks its reverse mortgage CEO Otto Kumbar to lead its forward and reverse mortgage lending businesses.

Scrapping the Home Equity Conversion Mortgage and starting fresh could be the boost needed.

Wide-ranging efforts to reform Home Equity Conversion Mortgage lending and servicing practices are designed to close loopholes and resolve policy inconsistencies, but some obstacles remain unresolved and more work needs to be done.

The court asked another governmental entity to remedy the plight of non-borrowing spouses facing foreclosure. So far options appear to give few consumers relief.

One of the biggest questions Sue and I get from our subscribers at www.reversemortgagesuccess.com is “Please tell us what your 'best' reverse mortgage marketing strategy is?” or “If you could only do one thing to get new business what would it be?”

In case you are just tuning into this series of articles we have been covering a very important marketing lesson, one that might explain why your current marketing efforts may not be working. We have discussed the market and how important it is for you to know your market.

In case you are just tuning into this article we have been covering a very important marketing lesson. One that might explain why your current marketing efforts may not be working. Last week we spoke about the Market and how you really need to know your market and their issues before you can effectively market to them. If you haven’t answered the questions from that article go back and do that now -- We’ll wait.

In case you are just tuning in to this article we have been covering a very important marketing lesson. It’s one that might explain why your current marketing efforts may not be working.

We seem to be bombarded daily with some new fangled way to generate business. We are not even talking about all of the hype most products and programs have. That’s for a whole separate article.

This past weekend I had a booth at a Senior Expo. It was held at a religious institution in our neighborhood. Typically, I would not attend one of these expos and I definitely wouldn’t have a booth.

Wow, the noise in our industry is getting louder. I typically like to write articles that give you marketing strategies and ideas you can use immediately to generate new business.

Our industry is going thru some major changes. Just when you thought you had seen it all we are now faced with some additional changes related to loan officer compensation. To me it feels as if we have been kicked, beaten up and are now being spit on while we are lying on the ground.

Two weeks ago today I had an operation that caused me to lose my voice. Now before you go ahead and say, “Who cares?” Let me share the marketing lesson with you.

In our past few articles, we have been discussing the one sentence that will generate more clients for you. Here’s the sentence: People will do anything for those who encourage their dreams, justify their failures, allay their fears, confirm their suspicions and help them throw rocks at their enemies.