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Yes. It’s come down to politicians in Washington threatening that seniors social security checks may stop if the debt-limit or ceiling is not raised by congress. Nice. But closer to home comes the possibility that if the limit is not raised by August 2nd, then FHA could cease operationsContinue reading
It’s much like tearing a band-aid off a wound. Do it slowly and it hurts much longer. Do it quickly and it hurts bad but the event is over quickly.  It appears that banks while foreclosing are holding off on putting them back on the market. The term to describe this is shadow inventory.Continue reading
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Getting prospective borrowers to act is about motivating them to move forward when a reverse mortgage is in their best interest. Here are just a few tips to help:Continue reading
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It’s nothing to gloat about. Quite frankly it came as a shock when Wells Fargo promptly exited stage right from the reverse mortgage business, especially for their employees. Two major banks departing is not a sign that the proverbial ship is sinking, nor are the remaining players Continue reading
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How the check engine light comes on in the Reverse Mortgage Industry with things like Reverse Mortgage Industry warnings and HUD counseling protocols.
Opportunity or omen? Wells Fargo exit from reverse mortgage sends shockwaves across the industry. Just what does it mean and what was Wells historic role in establishing reverse mortgages?
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Jumping the shark- the ridiculous, the absurd, or perhaps a gimmick in the sad attempt to remain relevant. The phrase was born from the moment Fonzie wearing his signature leather jacket and swim shorts jumped a shark. Critics said it signaled the beginning of the end of Happy Days.
Why do some businesses jump the shark?
