Monthly Archives: January 2010

RMG NEWS : Legislation Update

Senator Chris Dodd (D-CT) and President Obama met face-to-face on Tuesday. Reports suggest that Dodd may drop the proposed Consumer Financial Protection Agency from the emerging Senate Financial Services Bill, in order to gain the support of some Republicans and … Continue reading

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More Realtor Education Needed to Increase HECM For Purchase Volume

With the FHA predicting a surge in Home Equity Conversion Mortgages (HECM) for Purchases next year to 3,420, up from 423 in 2009’s fiscal year, it seems a little surprising that the industry isn’t more optimistic about the program. “Everyone … Continue reading

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Reverse Mortgage Volume in Canada Sees Big Boost from Lower Rates

Canada saw fourth quarter origination of reverse mortgage  jump to $43 million, according to the HOMEQ Corporation. HomEquityBank, a subsidiary of HOMEQ Corporation, saw an increase of 77% over the same period last year and an increase of 11% over … Continue reading

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RMG NEWS : The FHA Steps Up In Times Of Need

Every time the HUD makes a change or looks at its financial stability, the question arises: Should the government really be involved in homes and loans? Some members of Congress would like to see the FHA taken out of the HUD … Continue reading

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RMG NEWS : CCOA Announces Free HECM Counseling

Credit Counseling of Arkansas (CCOA) announced that it will be providing free reverse mortgage counseling to customers as of today. An $18,000 federal government grant from the U.S. Department of Housing and Urban Development (HUD) will allow CCOA to provide … Continue reading

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Reverse Mortgage Group Wishes You a Happy New Year!

To learn more about RMG, why not contact us now? We’d love to answer your questions.

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