FHA Urges Lenders to NOT Charge Late Fees Due to Shutdown
FHA Urges Lenders to NOT Charge Late Fees Due to Shutdown In addition to their contingency plan, HUD is making strides in order to ensure that borrowers continue to be well insulated during the shutdown. Strictly speaking, borrowers who are going through financial hardships, as a result of the shutdown, and are unable [...]
Can Retirement Kill You?
This isn’t the first time I’ve read an article that said more or less the same thing. An article, published by BBC, “Can Retirement Kill You?” tackles the question with unflinching honesty, using Dr. Harry Prosen, who stepped down as the Head of Psychiatry at the Medical College of Wisconsin in [...]
Are You an Ostrich?
Are You an Ostrich? According to Reverse Focus, someone suffering from Ostrich Syndrome is: “sticking their head in the sand and hoping they’ll never have to face their issues or deal with them when the time comes.” I see it plenty in the Reverse Mortgage industry. Retirees who didn’t plan for their [...]
Finding Opportunity in a New Frontier
The reverse mortgage program changes, in a sense, wiped the slate clean. It created, not only a new, consolidated program, but changed the rules on how future transactions will be conducted. If anything, the new changes also created a new, unexplored frontier where reverse mortgage brokers, like myself, will have to [...]
Do the the Needs of the ‘Many’ Outweigh the Needs of the ‘Few’?
Despite being disappointed by HUD’s process for implementing change, namely, bypassing the public comment period which takes place during the rule-making process, the AARP is adamant in their support for the new changes calling them “well-intentioned.” According to an article published by Reverse Mortgage Daily, “AARP: Reverse Mortgage Changes Will Bar Access but Improve [...]
“Reverse Mortgage Changes Make Retirement Harder…”
Mike Anderson in his column published in NerdWallet states: “Reverse Mortgage Changes Make Retirement Harder…” I resent the implication because Anderson is saying that retirement is getting harder for seniors BECAUSE the reverse mortgage program has changed, implying that A equals B. This is not true. To be honest, I’ve done posts before about the current state [...]
