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LTC Global Increases Investment in Reverse Mortgage Lender, Names New President
on Nov 2, 2009 in News Reverse Mortgage NGFS Next Generation Financial Services (NGFS) sent a notice to employees stating that LTC Global Inc. has increased its investment in the company to a majority stake. Along with the investment, NGFS’s parent company First Mariner Bank named Richard P...
Last Chance, Sign Up for Reverse Mortgage for Purchase Training
on Nov 2, 2009 in News Reverse Mortgage Training Last chance to sign up for a free training session on how to effectively communicate the HECM for purchase program. Join Reverse Fortunes and over 230 reverse mortgage professionals who have already signed up for the session on Thursday, Novemb...
Could Google Become the Leading Reverse Mortgage Lead Provider?
on Nov 2, 2009 in Leads Marketing News Reverse Mortgage CPA PPC While Google already helps reverse mortgage lenders generate leads through Pay Per Click (PPC) ads, the search engine announced it was starting to test Comparison Ads. The new format allows user to compare multiple relevant offers and make ads more&#...
Congress Passes Extension of Higher Reverse Mortgage Loan Limits
on Oct 30, 2009 in FHA Legislation News Reverse Mortgage HECM Late last night, the House and Senate passed an extension of the $625,500 loan limit for reverse mortgages through December 31, 2010. Loan limits for the Home Equity Conversion Mortgage (HECM) would’ve returned to $417,000 at the end of the year...
HUD Acts to Permanently Withdraw Reverse Mortgage Lender’s FHA Approval
on Oct 30, 2009 in FHA News Reverse Mortgage FMUSA MRB The US Department of Housing and Urban Development announced its Mortgagee Review Board (MRB) is proposing to permanently withdraw the HUD/FHA approval of Financial Mortgage USA, Inc., a reverse mortgage lender based in Honolulu, Hawaii. HUD’s...
HUD Issues RESPA FAQ for Reverse Mortgages
on Oct 23, 2009 in FHA News Reverse Mortgage A copy of the long awaited RESPA FAQ has been posted to HUD’s website and includes 12 questions pertaining to how the new GFE should be filled out for the HECM program. The questions listed mostly cover topics regarding principal limits and monthly...