Tag Archives: hecm saver

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.
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HECM SAVER ENDORSEMENTS UP

21 Jul
Logo of the Federal Housing Administration.

Image via Wikipedia

There was a 17% increase in HECM applications in June,, according to the latest from the Federal Housing Administration. housing outlook.    For the HECM Saver, There were 542 FHA endorsements in June, up 43% over May’s 365 Saver endorsements.

The HECM for Purchase also gained in June, recording 146 endorsements, up from 96 in May.  June 2010 showed 101 HECM purchase loans.

So far Fiscal Year 2011 has seen 72,718 HECM applications.  June’s increase in applications might be the last of the Wells Fargo loans going in.

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!