How many of you would have loved to have had an affordable means of effectively purchasing a Put Option on your primary residence insured by FHA, prior or even during the housing crisis? This is what a reverse mortgage provides for eligible homeowner
In the world of financial products, especially for seniors and retirees, a financial endorsement or cautionary note from an organizational body such as FINRA (Financial Industry Regulatory Authority) can make or break perception. Until recently FINR
We are all aware that the low interest rate environment has had devastating effects on seniors and retirees in general for many years. This is not something new but the recent trends, in conjunction with the devastation many retirees experienced with thei
The HECM Reverse Mortgage Program changes are now in place effective October 1, 2013. Changes to the program are clearly geared toward keeping the financial risk to the government insurance fund in check. As expected, the equity principle limit eligibilit
FHA and The Department of HUD have been authorized by congress to improve the HECM Reverse Mortgage Program. The legislation passed by both the House and the Senate authorizes HUD to improve the program, based on past assessments, so that it better s
The mortgage market place has been heavily re-regulated since 2008 and for years we have relied on volumes of disclosures to guide and protect our borrowers. Do you think for a moment that regulation prevents money motivated unscrupulous acts?