Tag Archives: hecm for purchase

Hoping to see you in NYC in March!

29 Feb

For those of you in the reverse mortgage business who have not yet registered for the NRMLA Regional Conference, time is running out to save a few bucks and get the preferred registration rate.

The agenda, plus links to registration, can be found below:

Tradition Title Agency looks forward to seeing you in New York City!

NRMLA Conference Agenda Announced
Effective company branding. Successful sales strategies for HECM Saver and HECM for Purchase. Current policy issues impacting your business. Corporate social responsibility. HMBS issuer challenges.
These are just some of the important issues we will be discussing at the upcoming NRMLA Regional Conference in New York, March 26-27.

NRMLA NY NY Eastern Regional Meeting & Reverse Mortgage Securitization Forum March 26-27, 2012
To view the complete agenda, click here.
 To review for one or both conferences, click here.
 To book your hotel room, click here.

National Home Price Index Up In 2nd Q But Still Down Year-Over-Year

31 Aug


The U.S National Home Price Index increased 3.6% in the second quarter of 2011, but the index is still posting a decline of 5.9% over the same period last year.

As CBS News reported last night, average home prices are at a level comparable to 2003 levels across the nation.  With prices and mortgage interest rates so low, they asked, why aren’t people buying?

The answer seems to lie in the difficulty people are having in securing a loan.  Qualifying credit scores required for many lenders have jumped by 100 points.  Well qualified, buyers, however, should overcome their fear of the market and purchase their dream home at a price that is now within reach.

Buyers over age 62 should look into a reverse mortgage (HECM For Purchase).  No income or credit qualifications are currently required. 

Call Karen at Tradition Title Agency today for the name of an experienced loan officer who can help with any type of financing.

Tradition Title Agency offers special assistance to Reverse Mortgage LOs

14 Dec
City flag of New Orleans, Louisiana, USA

Image via Wikipedia

Last month owner Karen Keating attended the NRMLA (National Reverse Mortgage Lender’s Association) 2010 ANNUAL MEETING & EXPO in New Orleans and picked up some valuable information relevant to reverse mortgages.

Interestingly, the demographic for these loans is shifting, from what was at one time primarily a 72- year-old widow, for example, to an active adult couple in their sixties or single male borrower. 

Karen is happy to pass on some of the other information that was disseminated, including specifics on the new HECM Saver and what constitutes qualifying funds for a HECM for purchase.  Contact her at kkeating@traditionta.com to find out how Tradition Title Agency assists our reverse mortgage LO partners.

We look forward to working with new reverse mortgage LOs in 2011!