Comments on: HECMs: Are We Still In Trouble? http://newviewadvisors.com/commentary/hecms-are-we-still-in-trouble-2/ Our view on topics in the industry Sat, 19 May 2012 21:50:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: global regulatory specialists http://newviewadvisors.com/commentary/hecms-are-we-still-in-trouble-2/#comment-2217 global regulatory specialists Thu, 12 Apr 2012 22:25:11 +0000 http://newviewadvisors.com/commentary/?p=46#comment-2217 <strong>global regulatory specialists...</strong> [...]HECMs: Are We Still In Trouble? « New View Commentary[...]... global regulatory specialists…

[...]HECMs: Are We Still In Trouble? « New View Commentary[...]…

]]> By: Mary Sawyer, CCIM http://newviewadvisors.com/commentary/hecms-are-we-still-in-trouble-2/#comment-17 Mary Sawyer, CCIM Fri, 15 Jan 2010 18:12:38 +0000 http://newviewadvisors.com/commentary/?p=46#comment-17 This article was very interesting and informative. I own a corp in Calif. called Reverse Mortgage Associates, Inc. designed exclusively to do Reverse Mortgages. We are looking at closing this FHA company because due to the reduction in home values and the reduction in LTV on HECMs and the continued high cost to the borrower, although there is borrower demand for the product, we cannot get any of these loans to pencil. This article further demonstrates to me as CEO the erosion of the market for this product due to the loss of value in home prices coupled with the reduction of LTV and the continued high cost to the borrower per the 2% MMI. Congress should read this report and take action if FHA is to continue offering this much needed product to senior home owners. This article was very interesting and informative. I own a corp in Calif. called Reverse Mortgage Associates, Inc. designed exclusively to do Reverse Mortgages. We are looking at closing this FHA company because due to the reduction in home values and the reduction in LTV on HECMs and the continued high cost to the borrower, although there is borrower demand for the product, we cannot get any of these loans to pencil. This article further demonstrates to me as CEO the erosion of the market for this product due to the loss of value in home prices coupled with the reduction of LTV and the continued high cost to the borrower per the 2% MMI. Congress should read this report and take action if FHA is to continue offering this much needed product to senior home owners.

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