Archive for August, 2013

A New HECM

Saturday, August 3rd, 2013

The Senate’s passage of the Reverse Mortgage Stabilization Act on July 29 now leaves no doubt that a new HECM reverse mortgage will come in October.

Why are the changes coming?  What kind of changes can borrowers, lenders, and investors expect? How will these changes affect seniors, HECM, and the reverse mortgage industry in America? What should reverse mortgage originators be doing to stay ahead of the pack? What are community resources, and how important are they going to be in the new HECM arena? What is ATSAH underwriting, and how vital is it going to be to the emerging HECM? My take on these changes and more are on pages 24 and 25 of the July-August issue of Reverse Mortgage Magazine. Tell me what you think.

 

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