Industry expert, author, and founder of Understanding Reverse contributed a column to Housing Wire’s Reverse Mortgage Daily that reveals two often overlooked facts about the HECM’s expected rate used to determine the federally insured reverse mortgage’s principal limit.
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While reverse mortgages have been in India for nearly 15-years, the program, not unlike the United States, has not gained widespread acceptance and faces similair misconceptions.
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There’s been much media buzz about ‘AI’ or Artificial Intelligence but where can it be used in the reverse mortgage industry?
Continue readingThere was a rush to market by a handful of lenders to offer fixed rate variant products which still fell within the guidelines of the federally insured reverse mortgage or HECM program. While FHA has not directly addressed these new products Ginnie Mae has.
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